To: Larry Levine who wrote (237 ) 12/4/1998 8:00:00 PM From: Ed Silverstein Read Replies (1) | Respond to of 488
Larry, I respect your opinion, but: <<<<there are many cases where the directors' 'assist' in the manipulation of their stock's price so they can dump their offshore holdings and let the company crash and burn>>>> These are major accusations you are incinuating against the company. Just wonderning if you can provide us some proof??? <<<<I requested investment information from WCTI 6 weeks ago, and just received it in the mail; what I got was a sloppily HAND-ADDRESSED manilla envelope with a bunch of stapled, mimeographed reports which contained all the recent press announcements and even a penny stock newsletter!>>>> Let me quote you something from Peter Lynch's One Up On Wall Street, pg. 189 "At Crown, Cork, and Seal, I noticed that the president's office had a scenic view of the can lines, the floors was faded linoleum, and the office furniture was shabbier than stuff I sat on in the Army. Now there's a company with the right priorities - and you know what's happened to the stock? It's gone up 280-fold...." <<<<This tells me there are very few employees in this company and they've spent almost nothing on marketing.>>>> Here is a small example of their marketing strategy: In order to be interviewed on CNBC "Investing in America", a company has to pay between $25,000 to $50,000 for a half hour interview which reaches approximately 80 million viewers. If I didn't have a product, there is no way I would fork-out up to $50K. <<<<there are a lot of hypesters out there right now taking advantage of the internet furor>>>> Who are the hyspsters on this thread? Everyone here seems to be stating facts. As far as the PSP report, these guys were paid nothing as compared to other stock picking sites. They did excellent research on the company and just stated facts. This is a reflection of the company's smart management -- to get the job done at the cheapest price. The report was just another intelligent marketing strategy of the company, not to mention: articles published, TV broadcasts, Radio broadcasts (even on the Internet: stock-line.com ), expositions, etc... <<<Take a look at PMKY or TMCO as examples of what can happen when things go crazy>>> I checked the graphs and reports of these two stocks --- no comparison to WCTI. Ed P.S. Just my $0.02. :o)