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Microcap & Penny Stocks : MegaWorld Inc. (MEGW) -- Ignore unavailable to you. Want to Upgrade?

To: Alex Sharp who wrote (956)	1/14/1999 7:09:00 PM
From: BS Buster	Read Replies (2) \| Respond to of 1058

Amazing!!! You guys are still here! I thought that you all sold this dog long time ago and went on to real stocks. I read the letter to shareholders and it's clear to me that TBS is in big need for capital and that was the reason for merger with MEGW. What's not clear is how TBS is going to extract this capital from MEGW. MEGW hasn't made a red cent yet ever (unless you count selling shares to pay for bills) and even though Internet Telephony and Time-Sharing might be good ideas who knows if MEGW will be anymore successful in these ventures than it was in publishing. Even if successful, everyone knows that it takes years if ever to capture market share in any business (except drugs) to become profitable. In the mean time how is MEGW going to continue to pay its bills AND also help TBS ?!? More importantly, since there is no market for this stock, what will happen to it when all these millions of newly issued restricted and free-trading shares eventually come back to the market? Who will support the stock? Remember, MEGW is a BB company and BB companies are just about as popular these days as, say, Sadam Hussein, for example. Just imagine what would happen to the price of the stock if someone suddenly unloaded 15 or 20 thousand shares? Insiders will not hold on to their shares forever. They never do. Just doesn't make any sense to risk your money here when there are so many other undervalued revenue-generating companies out there that already trade on Nasdaq or NYSE. After all 99.99 % of all profits was made there. On the other hand most people lose with penny stocks.