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Pastimes : HYPE AND HYPESTERS DENUNCIATION CENTRE -- Ignore unavailable to you. Want to Upgrade?

To: CatLady who wrote (288)	10/10/1998 1:50:00 PM
From: Little Engine	Respond to of 612

Cat, I just have to love companies that project huge profits (with a straight face) although they aren't making any money now. Great examples: FAMH, GLOW... and wait a minute...what's this one.... KWIN? It's apparently turning from a language software company to a "multi-industry focus" by acquiring (apparently insanely) "profitable" auto rental/financing businesses... as such it changed its name and ticker. Always a good thing, right? biz.yahoo.com contains a lot of gobbledegook about "accretive to earnings and tax value", etc. Get this: KWIN claims the company acquired is on track to add $4.5 million in revenues while earning $1.8 million in profits this year. A 40 percent net? Wait, it gets better.... The deal was achieved through giving the acquired company 1 million shares of restricted KWIN stock. KWIN stock is selling at about .75 now... So that means they bought a company making $1.8 million per year for stock worth $750,000 (that can't be traded, anyway). Sure, I believe that. FAMH, GLOW, KWIN... that's funny... "Brad" was a big pumper of all of these... coincidence? Subject 22785 As usual, Brad makes wild projections on the stock price. He says he expects the .75 price to rise to (get this) $36 within three years. More on my favorite hypster later.