SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?


To: Bruce A. Thompson who wrote (6416)12/29/1998 10:10:00 PM
From: Bruce A. Thompson  Respond to of 27311
 
What's a Million Dollars Between Friends?
by: bathompson (47/M/Greenville, NC) 449 of 455
Joe Investor goes into work and checks his portfolio on the Internet. Curious as to why the stock in Miracles has dropped 15% overnight, he puts down his coffee and begins to type.....

"IT IS ALL A MISTAKE. IT'S NOT TRUE" Shouts hypester on all the message boards. Joe pulls a Free Edgar and finds the S3's announcing the Floorless and the Insider sales. He panics and pulls up his Datek account. The sell at the market order takes 31 seconds. The stock price dropped another 15% while he was waiting.....

"Short another $6 million" Spiral tells his broker. This time Spiral is in Milan for the Flower Festival. "These satelite phones are wonderful" he says as he kisses the woman one more time and pulls on his jacket. Miracles drops another 15%......

Miracles inc., announced today they have no knowlege of the reason for their stock dropping to under $.25. "Why, just last week, the price was over $16" says Corporate Wenie as he boards the corporate jet. Destination not revealed.................





To: Bruce A. Thompson who wrote (6416)12/29/1998 10:16:00 PM
From: Bruce A. Thompson  Respond to of 27311
 
Whats a Million Dollars Between Friends?
by: bathompson (47/M/Greenville, NC) 451 of 455
Miracles Inc., today announced they are looking for a strategic partner to help increase shareholder value. The stock price, which has been languishing at $.005 for the last two months has been decimated by the merciless conversion being done by the Preferred holders. To date they have converted $1 million to common stock which accounts for the shares outstanding increasing from 5 million to over 200 million shares.........

Miracles Inc., today announced they are filing Chapter 11 Bankruptcy. They blame the convertible preferred issue for their inability to obtain new financing to fund current operations. First in line for the assets of the company are the convertible holders (Bahamian Corporations all) who still are owed over $4.5 million dollars in unconverted Preferred shares....



To: Bruce A. Thompson who wrote (6416)12/29/1998 10:30:00 PM
From: Bruce A. Thompson  Respond to of 27311
 
Whats a Million Dollars Between Friends?

by: bathompson (47/M/Greenville, NC) 452 of 456

Epilogue........

It is Carnival in Rio now and the weather is perfect. Wenie and Death Spiral are sitting on the upper deck of the much larger Bahama Mama II. They are discussing a recent venture.....

"Did you notice that we didn't have to pay Hypester anything?" says Wenie

"I told you so" says Spiral "One of them shows up every time. That is what makes this job so interesting".

"Do you think he will still be there when we bring the company out of Bankruptcy?......................

Feel free to post this story anywhere and any time you feel it is appropriate.

Bruce