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To: Wayne Rumball who wrote (2539)3/12/1999 7:00:00 PM
From: ciVic  Read Replies (1) | Respond to of 13776
 
SCMI..what's the deal..for the amount of excitment - this stock should be pushing .5$ It's got to be NITE...this one looks GOOD for next week....ppl seem to be loading up.....hmmm....I can see this one going 200-500% but judging by my picks this week I wouldn't listen to a word I say :)

ciVic



To: Wayne Rumball who wrote (2539)3/12/1999 7:04:00 PM
From: Kimberly Lee  Read Replies (1) | Respond to of 13776
 
IBUI - riding on free shares plus some profit. Let's see what happens on Monday. Either the float is much smaller than we think, or the mms were spook by something we don't know much about.



To: Wayne Rumball who wrote (2539)3/12/1999 8:02:00 PM
From: Norms  Read Replies (2) | Respond to of 13776
 
Same thing on XNET, IBUI and MRPS. Could be to spook investors over the weekend. We could see games on Monday up or down with plenty of headfakes. I would assume that MMs are very short of shares on IBUI and XNET. Kimberly probably has a better read.

How's your Moto Guzzi stock trading?

Enjoy the weekend......Norms



To: Wayne Rumball who wrote (2539)3/12/1999 8:06:00 PM
From: lightfoot  Read Replies (2) | Respond to of 13776
 
IBUI, just got my return call from Al Reda the CEO.

Confirmed the following numbers!
Shares outstanding 170,000,000
Shares in the float 20,000,000
No outstanding warrants

He was not involved in the previous company, and is new to IBUI as of the name change into the new company. I asked him about # of employees, no specific answer, mentioned subcontractors/owners. When I asked about the gap in the SEC filings, he said past SEC filings are done and should be showing up on Edgar soon. Current quarter ends in March and will be filed with the SEC. He did say that it would show some cash on hand. I asked him about the acquisitions that are mentioned on the website, what type of areas they were looking into, and how they would be financed. He said they are looking into some things but was very vague. He would not say anything about the number of majority owners or how many shares were locked up. When asked about what type of revenue model they were looking at for the auction site he said they were still discussing their options and no decision has been made. When I asked about revenue sources & amounts he declined to comment and said to watch for the latest SEC filings. I also asked him about their plans to keep investors informed and he said they were planing on updating the website weekly and they would not be hiring a PR firm. He then said he had another call and had to go! He was upbeat, but not very informative. I'm not sure what I was expecting from a CEO that has just seen his company go from a market cap of $21 mil to $127.5 mil in one day on the announcement of a beta auction web site. He was surprised at the move in the stock today and was aware of SI and Yahoo, saying only that he reads them occasionally but does not post.

The website is located at the following URL!
inbusin.com

This will be on my screen for next week to see how it trades. It certainly didn't trade like 20 million in the float.



To: Wayne Rumball who wrote (2539)3/12/1999 11:53:00 PM
From: Norms  Read Replies (2) | Respond to of 13776
 
After hours on SETO looking pitiful too on NDB. Was showing 1 1/2 X 1 9/16 - now showing .39 X .42.

Something very fishy here. I'll bet the SEC will be looking into a lot of this blatant foul play come Monday if all this is true. Can't wait till Monday. Could be "The Field of Dreams" or another episode of "The Bizarro World". Tune in folks.

Nighty night all.