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Non-Tech : Millionaire.com (OTC BB:MLRE) --Realistic expectations -- Ignore unavailable to you. Want to Upgrade?


To: CoffeePot who wrote (16)12/19/1998 12:00:00 PM
From: Wayne Rumball  Read Replies (1) | Respond to of 132
 
you have to start somewhere. i built a 30 million $ business from my livingroom.

anyway, i checked out what was close to him and it looks like an upscale neighborhood with golf courses nearby.

not some ghetto



To: CoffeePot who wrote (16)12/19/1998 1:14:00 PM
From: Bear Down  Read Replies (1) | Respond to of 132
 
coffee , I'll be driving there today. only abouot 15 minutes away. From everything I know of rose hill plantation (a gated community) there is no business there. However I have found another address for Mr White and another phone number.. right around the corner from this one



To: CoffeePot who wrote (16)12/19/1998 1:39:00 PM
From: RockyBalboa  Read Replies (1) | Respond to of 132
 
CP, to add a point,

At this time now I'm really convinced that MLRE may hit $12, 15 or $25 short time with that "thrift" exposed even on SI and being supported by SI regulars.
Not that the same forces are working who took ebay and amzn past $250 but a trading idea like bamm or amen was also carried to the high 40ies from nothing regardless of insider selling or any share count.

Even the Pink Monkey has shown a decent rise....

I have only second thoughts on the feasability of MLRE business in

-first, the business model as a whole. It is yet unproven that trading millionaires assets cutting out any small commission on each trade can sustain a streaming revenue flow. The more successful examples are bays which tender small priced items (to name AMZN, EBAY, and any shopping mall you could guess). As any mass shoppers with cheap, quickturning items seem to be the more stable enterprises.

-second, if even ebay's reliability upon execution and compliance of and with done auction deals is in question, this could well hamper the overall positive outlook of the sector. Following the roach (or iceberg) theory of failure, when damages by a phoney auction seller (in the 100k dollar range) are yet discussed in pulic, there may be some more shady things top be unveiled. For me, an ebay (as well as heavy internet and online trading) user, it put a sort of disconcern about the security there.
Any doubts about the compliance and (relative) security can make me think over changing the broker...

(To be continued,soon...)

C.

And there was another nimble one on another thread who shared my view. No touch...