Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : SEQUESTER HOLDINGS INC -- Ignore unavailable to you. Want to Upgrade?

To: Carl who wrote (87)	10/1/1998 6:15:00 PM
From: Hal	Read Replies (1) \| Respond to of 94

Does anybody know the current standing of the company founder Buzz Holcomb's bankruptcy court case? (this should be public record, yes)? Some hard numbers please. Also, what is the level of his involvement in the company these days? My understanding was that the basic reason given for buying this stock to begin with when it started out was not the product itself, but Holcomb's wife, whose family are apparently in the pharmaceutical distribution business. Thus, I view this as a double-edged sword: if Holcomb is still in this company, that would be negative because his shares could depress the price. Also, the SEC apparently doesn't want him near a public company (that's usually what those consent decrees mean, one of which Holcomb signed). But if he is completely out of this company (and that means his wife and her family as well), then that might be just as bad because it means that the primary reason given for buying this stock (the favoritism and emphasis his wife's family would put on distributing the company's products) would also disappear. Does anybody know how many shares Holcomb still owns? If none, then to whom did his giant shareholdings go? If it is creditors, then we are looking at shares hitting the market for years to come. Due to the bankruptcy situation of the company's founder, I need (and I think any investor would need) a complete rundown on this in order to make an investment decision. Looking and still watching (fortunately never got in), waiting to get in on hearing positive fundamentals (I didn't view the Walmart news as a reason to buy because this company's products have been distributed nationwide in Walmart-type stores (Walmart as well, as I remember) for years (from Day One as I recall) and the stock still crashed from a hundred dollars (split-adjusted) to today's18 cents and change (i.e., nothing new in this Walmart contract). Thanks in advance Hal