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Strategies & Market Trends : One Big Scam? CTRN, ECTS, IVHD, SMEK & MALB -- Ignore unavailable to you. Want to Upgrade?

To: Pluvia who wrote (246)	1/29/1999 1:08:00 PM
From: Bear Down	Respond to of 559

I am in the Savannah area. they probably get tv from atlanta. In savannah I have notified WTOC as wwll as Mr. Young at Madison County. I will work on getting the Atlanta TV info now

To: Pluvia who wrote (246)	1/29/1999 2:43:00 PM
From: Don Pueblo	Read Replies (1) \| Respond to of 559

Allow me to commend you highly for the work you have done. It sends a message to every slimeball out there; "Watch your back...Silicon Investor people are looking for you". Great job! Very, very cool.

To: Pluvia who wrote (246)	1/29/1999 2:48:00 PM
From: Sword	Respond to of 559

Steve: Congratulations on an outstanding job! -Sword

To: Pluvia who wrote (246)	1/29/1999 2:49:00 PM
From: Smilodon	Respond to of 559

Great work on this. This may be your finest. With many more to come. Archer

To: Pluvia who wrote (246)	1/29/1999 7:37:00 PM
From: Don Pueblo	Read Replies (2) \| Respond to of 559

I just got off the phone with a friend of a friend who happened to get in on USAT's private placement. In the event that anyone that is reading this does not understand how these transactions work, I'll tell you this guy's story. This is a pretty standard scenario. The only big red flag is the fact that the stock is a BB stock. All of this is IMHO. I'll call this guy Paul. Some months ago, Paul got a phone call from a friend of his who had been offered a deal. The deal (I'm simplifying it for easy understanding) was: Paul gives USAT some cash and USAT gives Paul an unsecured promissory note for the cash, at a "fair" interest rate. The note is convertible into shares of USAT at some undetermined point in the future. (When the conversion is called, the holders, as a general rule, convert into stock, because the conversion rate is typically significantly less than the price of the stock when the note was issued, and if the stock is doing well at the point the conversion is called, they can be "coaxed" into converting, thus saving the company the cash that they would have to put out to pay the note.) Paul is a top notch professional person, he owns his own company. But, he had a very limited understanding of the risk involved in this transaction. He has never seen a financial report for USAT, and does not understand what the OTC Bulletin Board is. He did not really pay much attention to the documents he signed when he got the note and put up the cash. This stock, USAT, has been doing pretty well, and Paul thought he was really making a killing on this deal. When I first spoke to him today, he assumed that the halt was due to good news. I explained it to him. He read the SEC document. Then he assumed that the stock would start trading on Feb. 11th. I had to let him know that there was a pretty good chance that the stock would never trade again, and there was a pretty good chance that he would never see his money again. He still thinks the company is fine, and everything will be OK. So, just a word of friendly advice from a Giant Reptile from Another Planet: you trade these BB deals, and you be ready to kiss your cash goodbye. Sooner or later, it will go away. That's the way we all learned the lesson. Go over to the RMIL thread and see the people that still think the stock will trade again, after being halted for 14 months. The Vancouver Stock Exchange has more guidelines than the OTC BB. Go to Vegas, have more fun. Or buy some CSCO. BAWK!