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Pastimes : Why are the OTC-BB stocks dying?? -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (28)8/16/1998 6:45:00 PM
From: freelyhovering  Read Replies (1) | Respond to of 115
 
max90--Great question. I recently ask a similar one on yahoo chat. I don't think I got an answer yet. Myron



To: LTK007 who wrote (28)8/16/1998 6:52:00 PM
From: Silicon Trader  Read Replies (3) | Respond to of 115
 
I found this post last week, somewhere on SI regarding your question.

bRiAn (6196 )
From: JAKE
Monday, Aug 10 1998 11:47PM ET
Reply # of 6199

Why do I invest in BB's? See the four BB's below............

MCI .25 cents NOW 63 1/8
Toys"R"Us .99 cents NOW 21 13/16
Tandy .63 cents NOW 56 1/8
Dell .95 cents NOW 110


I havent checked to see if the numbers are exactly correct, but this person thought so <G> !!!

GO NRAG MBA $$$



To: LTK007 who wrote (28)8/16/1998 6:52:00 PM
From: EL KABONG!!!  Read Replies (2) | Respond to of 115
 
max90,

are their any longterm success stories where a company moves from the BBs to the Big Boards to go on to be "famous"?

A really, really good question. Someone made the statement a few weeks ago on another thread that Microsoft had started out as a penny stock. This statement was either a blatant lie or a gross error in judgement by the poster. (FWIW, Microsoft started selling at around $28 or so on its' IPO. The erroneous poster was referring to magazine articles that had stated that Microsoft was selling for a split-adjusted 40 cents on its' IPO. S/he opted to overlook the phrase split-adjusted.)

After thinking about the Microsoft error for a little bit, I went out looking for a non-reporting, OTC-BB success story. So far, I've found none. Not a single one. I'm sure that somewhere there must exist some company that succeeded, but I haven't found it yet. Perhaps the success stories (if any) get bought out by bigger companies before they achieve even a modicum of fame, and then lose their unique identities under the name of some conglomerate. I don't know that to be a fact though. Just my speculation at this point. More research needs to be done. And I was looking solely at non-reporting companies.



To: LTK007 who wrote (28)8/16/1998 7:41:00 PM
From: Joe Copia  Read Replies (2) | Respond to of 115
 
The greatest one I know of is IOM ( old IOMG)

5 years ago if one put $1000 into it they would be Millionaires now.

Joe



To: LTK007 who wrote (28)8/18/1998 12:33:00 PM
From: lazarre  Read Replies (1) | Respond to of 115
 
Ever since joining SI I have asked that question 4 times and only once did I get a response. It was one stock whose name I forgot after I researched it and did not find conclusively that it ever traded as a BB.
Playing the BB's is like playing cat and mouse with a dash of mumbly peg here and a jigger of " you blinked first " there.