Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Mongolia Gold Resources -- Ignore unavailable to you. Want to Upgrade?

To: Ron Everest who wrote (3459)	4/30/1999 7:42:00 PM
From: d:oug	Read Replies (1) \| Respond to of 4066

Ron, <<Shorting this stock...>> I was under the impression that only Canadian Market Makers have the ability to short stocks by buying stock in a company for an investor without an actual purchase, and hoping that later the share price will drop so that the actual cost is much less than the cost when the buy request was initiated. Seems like my interpertation of this happening on other threads was that it could cause severe problems for a company if they had no cash flow and no cash in the bank, resulting in a Bankruptcy Chapter 11. This shorting does not interest me, as I heard from many threader that those who short a stock are looked upon with negative thoughts from current shareholders. To short a stock means that you wish and hope that the share price will fall and go to the lowest value possible, with a zero being the best number. If the 20:1 happens, and someone thinks that the share price will drop lower, and then when reached a low number, then one has to predict if MGR and Dave Webb has what it takes to bring value to a share. Does one sell now, as if this is the high before a chapter 11. Does one sell now, expecting a drop in price, and buy back at a low with an expectation of the share price to bounce back. My guess that the worse possibility for MGR is not a Bankruptcy Chapter 11, but the current share price of .05, or lower to .01. For me I will hold, and if 20:1 happens then the current .05 may become the .01 as seened by todays price. Or with a 20:1 announcement Dave Webb might simutaneously announce information to take current .05 to that .13 of last month. Time will tell. Until MGR has a cash flow, its all highly speculation, the place where your and mine investment can loose all or make big multiples. Once again, I have no e-mail or Private messages (I send none), so I will give out some information I have received on this thread in the form of a conclusion I have made from my interpertation of it. I will not identify its location. Question: Is Dave Webb to be trusted. My Answer: Yes Question: Does money exist to guarantee a sucessful MGR. My Answer: Yes If my two above are true, then in 6 months a share price of mgr will be much higher than current of today. Above is my answer to: Now Doug, why would anyone put any more money into any ventures or wonderful dream schemes manufactured by this group?? As to the thought that "there are wonderful opportunities out there" posted by DW. Why would you invest in this group when you can go direct to the wonderful opportunities without further risk of a 1:20 consolidation. Best regards, out and planning my holiday on the residual funds, Ron E