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Microcap & Penny Stocks : MIDL .... A Real Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: Ernest R. DeSaye Jr. who wrote (4102)	8/20/1998 8:18:00 AM
From: Rande Is	Read Replies (4) \| Respond to of 7039

Answer: The corporate headquarters of CNHH was changed to Mark Pierce's law office. At the same time CNHH employed Pierce as a "consultant" for a handsome sum. Pierce was likewise on the board of directors of CNHH. I'd say there was a bit of a connection. The "spirit" with which the Greek shipping scenario was written was one of suspicion, with regards to figuring out why the halt. Just as we suspect that Clinton may have lied about more than just Monica, we suspect that some of these officers may have lied [in SEC filings, press releases, etc]. The SEC will sort that part out. The rest of the report went to character. When it comes to buying such a risky venture as a penny stock, we must have basically two things: 1. Trust in the company, it's filings, officers and press. 2. And hope that not only what is projected will actually come true, but that somehow that it will be reflected in the value of the stock. One cannot [or should not] exist without the other. A fool and his money are soon parted [proverb]. We can hope all we want that what they say is going to make the company valuable will come true, but once their word is proven dubious once, then all else comes into question. A quick glance at the SEC, FTC reports posted regarding the history of the principals and a shadow of doubt SHOULD be raised on all counts. Would you buy a used car from a known flim flam? Yet people still think they can win the 3-card shell game on the streets of NY. Somehow we simply become blind or deaf or just dumb to what we don't want to hear, see or know. We skip right to the hope and ignore the trust. There are 10,000 penny stocks. Can you pick which one will make it from .25 to 10.00 with regularity? If you can, you are either doing an extreme amount of homework or something illegal. Generally speaking, we narrow the choices and make a guess. Then if an internet personality says that he is buying WXYZ and holding it until it reaches 20.00, we want to think that our choice has been verified. Our CONfidence has been raised. Then when the stock drops 25, 50, 75 percent and the personality says they are "still holding", we want desperately to believe them. Otherwise the unthinkable would be the case . . . we would be alone. Nobody wants to suffer alone. That is one of the reasons boards like Silicon Investor prosper. My hope is that we learn to apply strict discipline BEFORE we spend a penny. I also hope we are wise in the choices we make and that we never use monies that could be used to help our "real world" financial status. But rather set aside a tiny amount for the gamble. These pennies are NEVER to be considered investments. They are merely gambles that we think we have correctly picked that one-in-ten-thousand that will make it. Maybe the next pull of the lever will win the jackpot. So sorry . . . . . . perhaps the next pull? Rande Is