To: IBMikey who wrote (186 ) 3/21/1999 6:22:00 PM From: paper man Respond to of 1834
IBMickey. hello, those are very good questions. I am not experienced enough to project any better ideas than we could imagine. Forgetting the spinout situation for a moment, the reasons I own this stock are several. Ownership is honest and does notlead on or maneuver shareholders for any selfish gain. There are no options issued to anyone, but if they are, the dilution size is extremely insignificant ( I dont believe there are ) Lone is not a debenture happy company. I think thay had one three years ago, but as you may remember, they repurchased it adding fuel to the rise in value back then. The cureent debenture in dispute, will obviously be re prurchased. The ownership who owns by far the majority of outstanding shares does not dump them on the market, in fact I dont think they ever have sold any they aquired visavis their aquiring by the southern group. Beside the above high quality attributes for this company being a penny stock and all, I love this stock because of the asset value of the owners and their subs and divisions and licensing. they are valueble. I dont really even care if they ever spinout anything. If they were to try, they would have aquired assets and grown so much larger than they are now, that it wouldnt matter to me, let alone the fact that if there assett base and premiums grow large enough; they will be fairly distracted with offers to buy the company that it wouldnt matter. The long and short is that it appears this curent recovery paln is driven by outside capitol, and that means aquisitions that grow assett base and premium recovery and liscensing. But, these are my educated and logical opinions and it may not matter. One thing is for sure. This stock has never SUFFERED from anything..... a band of happy humpin traders..... news release happiness..... no options that need excersised for the company to be able to operate...... and no insider dumping. So as for me the simple guy... the practical fundamentals and values speak for them selves. I think. I know I did not answer your questions, but i shared my reasons for being here. I have only posted one other location on SI. good luck and best regards