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Technology Stocks : IMOT, the Yahoo of China?? -- Ignore unavailable to you. Want to Upgrade?

To: Elllk who wrote (597)	3/19/1999 10:22:00 AM
From: johnlag	Read Replies (1) \| Respond to of 781

<<My point has been that the insiders can make a lot more money by pursuing genuine development of their company and current position. Why run a low level second rate scam when they can do infinitely better?>> I say grow your business until it is substantial and then have a broker underwrite your business in a legit IPO. The vend-in/reverse take over transaction is the easy route and not subject to much compliance on issuance of shares, if any at all. Or fairness on value for shares received. BB companies are paper machines. Issue as much stock as you want at .01. Non-reporting...back to those issues. <<I also wonder why you and others who know the nature of BB manipulation are so comfortable being short IMOT.>> I'm really not that worried about it. If it had such a low float, it would have been difficult to trade as liquid as it did early this week and last. There's been some distribution to the masses. I am also questioning the rush to own shares. I don't see a rush. There may be one more spike, but IMOT will drift down from these levels. Also, why would the MMs want to defend a price? Let her slide, buy it back cheap. HEY! It's Friday! John

To: Elllk who wrote (597)	3/19/1999 10:29:00 AM
From: Mr. Forthright	Read Replies (1) \| Respond to of 781

<<But this is a tough one to figure, it seems to me. The looming potential of China makes this situation unique. My point has been that the insiders can make a lot more money by pursuing genuine development of their company and current position. Why run a low level second rate scam when they can do infinitely better?>> It all depends on what the modus operandi of the people who set-up the shell in the first place is. You are assuming that their goal is to create a real company. You heard it from me: "Never assume anything." I have to believe that the people who set-up the company would disagree with you.