To: happycamper who wrote (540 ) 9/23/1998 10:18:00 AM From: Dave Gore Read Replies (1) | Respond to of 789
Well, you are wrong about Taylor, but they do have a good product so they might succeed in spite of themselves. I don't want investors to get caught again on this stock, however, without knowing the pitfalls, so let me ask you some questions. How do you know that the interest rate is low and that they didn't authorize even more shares on the side to others? They still have not anwered questions about their dispute with GEM's lenders... and Kernagan, who loaned them money, is a Canadian shorter. The PR firm got tons of shares as well and won't reveal how much they will be dumping into the market to pay their expenses each month. With volume low, this is a problem. There are still lots of questions. You have to understand that about about 150 shareholders bought this stock heavily in July and August and not only got screwed by the MM's or shorters and lost lots of money, but Quicktent kept revealing more and more damaging things about themselves. They were definitely not forthright and the last straw was when Taylor finally admitted that Quicktent was their own Transfer Agent....not good. The IRS is watching! Too many abuses are possible. The Taylors who should have known EXACTLY what the float was (as transfer agent) said it was 350K, then 450K, then 750K , now it is 1.4 MIL. What is going on? IS it really higher still? Shareholder trust is gone. The company actually said they were profitable in Q1 and headed for $12-18 million in sales by the end of the year (see March 31 PR). It turns out that they will be very lucky to have $1 million in sales, and they were never profitable. They promised Q1 finanicals and never delivered! Taylor lied about the terms of the GEM deal and told me not once, but 3 times, that GEM was getting no stock under $1.00 and it was restricted, BUT... it turns out they got 200,000 warrants at ZERO and it was free-trading!!! This was when the stock was about $1.15. Then they got Kernagan involved, a known Canadian shorter. How many shares did he get? I could go on...I know this company inside and out. I made over $200 in long distance phone calls. Solid, new management is needed. Then we may come back.