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Microcap & Penny Stocks : RMGG -- Ignore unavailable to you. Want to Upgrade?


To: Glen Dornoch who wrote (806)1/14/1999 7:53:00 PM
From: Major Tom  Respond to of 1170
 
Today in my Bally's gym's sauna I talked to an investment banker who told me he takes Chinese company public on the Nasdaq by putting them in shells. I do not know this individual and could not tell if he was a BS artist or not. To give you a visual he was sitting in the sauna and is in is low 60's, had his shorts on and a gold silver dollar necklas on. He told me he travels to China about 6 times a year. After he told me what he does I asked him "What's the deal, are the Chinese making it hard for American companies to business in China?". His response was "No not at all it's a piece of cake if you know who to talk to and you go in as a joint venture. You can get the papers signed in 30 minutes. You do have to use Chinese workers of course." Then he proceeded to tell me that he just took a company called BLAI public and is trading around $3 with a book value of $1.50. He did not know anything about RMGG.
Like I said, I don't know the guy it's just what he told me.
When everyone is crying the Major is buying.



To: Glen Dornoch who wrote (806)1/15/1999 5:01:00 PM
From: Scorpio  Read Replies (1) | Respond to of 1170
 
Glen
Well nothing has changed accept the price is lower and the deal with FF Drug Company actually went through. That was my concern when the price was going up. As for them making a profit, I just can't see why they wouldn't. Maybe not so much in the short term, as they are just getting started, but their plans for the future look excellent.
I am holding for the long term.
Scorpio