To: s martin who wrote (51034 ) 8/7/1998 1:08:00 AM From: bmart Read Replies (1) | Respond to of 55532
Mr. Martin, I read your link with great interest. Very good post sir! May I expound? Like in the case of RMCW, we can use a 'bottled water' company as an example to express some of the contentions about potential scams as per your posted link. Example; Water is becoming increasingly important because the U.S. has just suffered the worst environmental disaster in history! The situation is especially acute in California, where a survey of 32,000 wells has uncovered that over 10,000 are contaminated with MTBE. This is the oxygenating gas additive put in auto fuel to make cleaner air. 75% of the water supply wells in Santa Monica Calif. are contaminated and useless. The EPA limit of MTBE is 35 ppb level in drinking water. In the city of Glenville, Calif the MTBE level is 190,000 ppb !!!!! Yesterday there was a protest at the state capitol in Sacramento Calif. Citizens crying out for relief brought bottles of water to the capital and attempted to enter the capital building with their evidence of bad water. Guards forbid them from entering and confiscated the bottles of water under the guise that they were attempting to enter a govt. building carrying a TOXIC substance. This was the water they are supposed to be drinking!! Quite humorous! There are many incidences of cancer, kidney failure, and liver disease reported in Glenville Calif. California environmental officials believe there is no connection of health problems to MTBE at this time and evidence is anecdotal. So gas station tanks continue to leak into the water table, and oil companies are spewing out large quantities of even more MTBE...so everyone can be saved from dirty air. As the body count goes up there will be yet another campaign to clean up the water supply. --------------------------- In the above scenario of a critical water problem, it is obvious that it wouldn't take much to convince an investor that buying stock in a water company could be very profitable. Notice on ' wwww.figusa.com ' that there is a promotion of Mako Capital, a Joe Lanza enterprise, but there is also Greatlands Waterworks Ltd. which is controlled by Vision Global (yet another Lanza co.) which does water purification; another angle on water problems. So, we then have a situation where a group of individuals could commence hyping a bottled water company armed with that ammunition. It is very easy to see just how easy people might be induced to invest in a company like this. Then the shorting would commence! Shorters would have a field day! Since there are already so many water bottlers and the business is very competitive. Also , there is a giant cost is either delivery or transportation from the water's source. Thank you very much for bringing that post to our attention! For myself, I will most definitely keep my eyes open for hyped-up bottled water companies! When someone tells us it's "going to the moon", I will recall the flight of Apollo 13. much thanks Mr. Martin, Good evening