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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?


To: chester lee who wrote (575)10/29/1998 9:47:00 AM
From: Sir Auric Goldfinger  Read Replies (3) | Respond to of 19428
 
MGAM: For all of you that like Frauds under $5, this one has it all: FBI bust, $1 M in cash a $24 M market cap. undertaker WAS Walsh Manning who Dennis Vacco, the aggressive New York State Attorney General recently shut down. In any given quarter, MGAM which makes Indian bingo gaming equipment, derives 25 to 40% of its revenues from a separately held company controlled by its erstwhile Chairman, Gordon Graves. Funnily enough he does not pay for the machines up front, but rather has a note to pay them back. He then leases the machine to Indian Reservation that decline to pay for them.

Net Income has nothing to do with cash flow. Plenty of liquidity with several legitimate wholesalers involved. Technically running oiut of gas as well. First price target: $2. Joe Bob says check it out!