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Gold/Mining/Energy : Innomat Solutions Corp (INAT - was Stackpal, STAX) -- Ignore unavailable to you. Want to Upgrade?

To: swot who wrote (524)	10/15/1998 7:34:00 PM
From: Bob Fairchild	Read Replies (1) \| Respond to of 580

I guess if we applied that same logic to Bre-X, there would be no class action suits. If I was stupid enough to be in a dark alley at night then it was my responsibility for getting mugged. There is such as thing as being purposely misled.

To: swot who wrote (524)	10/15/1998 8:25:00 PM
From: Mitch	Respond to of 580

I hesitate to add anything to what is being said on this thread, but decided to enter after seeing your message. I think you are right. I hope I have learned from the experience. My problem was that I began to like the stock too much. I held on at 0.39 because I was certain we were headed into much higher territory. I watched as the price dropped into the low teens, and then resumed buying, averaging down in a rather gleeful frame of mind as I calculated how much money I was going to make in various scenarios. All the while I missed the obvious signs of the impending disaster: big problems raising small amounts of money, significant dilution as huge numbers of new shares were issued for transactions which should have been paid in cash, and most significantly, no announcements of sales. All this same while, I suspect people who knew the situation most intimately were quietly selling their shares. It disgusts me. About a year ago I read somewhere that the next time you get the urge to buy a penny stock, just take the money down to the local casino and play until the money is all gone. You will be just as far ahead, and you will have more fun. I thought that was a ridiculous theory, but this week it suddenly makes sense. Good luck everyone.

To: swot who wrote (524)	10/16/1998 11:46:00 AM
From: Cush	Respond to of 580

Hi martman: Your points about speculation are right on. However, that may not be the point here. If someone sells me a bridge in the desert, and I buy it speculating that one day there will be water there, then I have made an informed decision. Bridge, desert, no water, -I'm risking my investment because I believe the risk may pay me back with an ample reward. If someone sells me the Brooklyn Bridge -that's another matter. The real question for those of us frustrated with this company is -was this the desert bridge or the Brooklyn Bridge? Were there orders in the order book? Were there prototypes produced for several companies? Has any effort been made to protect the residual value of the assets for the shareholders? Poor judgement and performance by management is sad but forgivable. However, if there was an attempt to mislead shareholders and potential shareholders by making misleading statements that would be something entirely different. I do not know which this was.