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 : Integrated Healthcare Systems (IGHS) -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (41)	9/17/1998 7:34:00 PM
From: Ron Harvey	Respond to of 196

<<DO your DD completely....but I feel when people understand what is really going on here. . . >> This is certainly good advice, but the reason the vast majority of institutions and most sophicticated investors won't touch a BB stock is because due diligence is impossible. BB's are unregulated. There's no financial reporting within the framework of SEC rules and requirements. There's no punitive structure if they conceal a private placement of, say, 25 million shares or any number of other buried landmines. Maybe this particular company is in excellent shape. I'm simply saying there's no way to know, beyond an act of faith, what company officers choose to reveal or choose to conceal. Thus, it's not really possible for an investor to understand what is really going on here, even if what's happening is legitimately great. As with any other of the BB companies (fewer than 2 1/2% of which have any earnings at all), the officers will assure inquirers that all is hunky dory.

To: Dave Gore who wrote (41)	9/22/1998 5:49:00 PM
From: A-MAN	Read Replies (1) \| Respond to of 196

All, Some questions about IGHS offer to buy out GBIT: 1. One of the early post indicated that IGHS was non-reporting but would begin that process - does anyone know if IGHS did indeed become a SEC reporting co.? Did they file a 10-SB and if so, when? 2. Was filing a 10-SB and reporting status a requirement before they can offer to buy/merge with GBIT? 3. Assuming the boards of both co. approve, how long does it take before LGHS begin trading on NASD? 4. How will this affect the interest of institutional investors? Can they begin buying into LGHS before the official trading of LGHS on NASD? TIA