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

To: kc who wrote (7052)	1/19/1999 10:48:00 AM
From: lawrence lerner	Read Replies (1) \| Respond to of 8359

I have come to appreciate max's posts as well. But I'm not certain that I would characterize max as a long term holder. More like a slow trader. And, if memory serves me, max's timing was off the last couple of times he traded. Sometimes, even with a wet finger up in the air, you just can't tell which way the wind is blowing. With all due respect.

To: kc who wrote (7052)	1/19/1999 1:36:00 PM
From: LTK007	Read Replies (2) \| Respond to of 8359

kc,I invest/trade on riskreward ratios--the market at this time in certain sectors have been hot so I have gotten several 2-5 baggers rather fast---and at most I see ABTX in the shorterm a highly risky attempt to get a 2-bagger. For people like John Baker and Darrel Minot who have truly laidback 3-5 years perspectives and apparently have there money allocatted in a way that if ABTX were to tank they have no problems with riding out the hard times for a better day. Now Michael has made money on ABTX,good money,and I believe quite a bit is from over 12 months back(so he gets a tax-break),so he has simply taken the wise,conservative decision of "a bird in the hand is better than two in the bush"--and personally I endorse such a decision. So,now why have I become nervous about ABTX as matters stand now--- one I was very distressed how ABTX shot their mouth off and opened themselves up to,and had a 70million lawsuit filed against them for libel and breach of contract---this simply has raised serious questions for now about the management---and it upset me a great deal. Two,the new convertible debenture deal that INCREASES shares allotted if the price of the stock decreases is something I by choice will not participate in as an investor---also I am quite distressed that ABTX did NOT name who the 3 firms are that they made this deal with--and that bothers me also. Thirdly,while class action lawsuits are a dime a dozen these days, and basically to be ignored --I am struck by in this instance that it was filed so late after the fact--like perhaps the lawfirm actually did some research---that is actually not a reason for my now being very cautionary--but it didn't help---and lastly,what has become of Kurt Vedder--I think Kurt may have thrown in the towel also. My views are ONLY based on a "odds for and against" evaluation,and NOT in any way a certainty of view---and I refuse to invest on a macho I can handle the risk,I got the cajones type of attitude---so that is about it. If the buy-out suddenly comes,my best to you all,and will be glad for you---but the risk now,as I see it, is not for me.Good Luck,Max