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Microcap & Penny Stocks : ABFG - AMERICAN BENEFITS GROUP, INC. -- Ignore unavailable to you. Want to Upgrade?

To: Spamboy who wrote (3620)	5/4/1999 3:29:00 AM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 4128

Kowboy, It surprises me that Antoine's question bothered you. You have presented yourself as someone in the "know" where ABFG is concerned. Yet when someone asks you a question that would be normal in the course of doing DD on a stock, you act offended that you would even be approached. I don't understand why anyone would care about an ad on at ballpark or on TV or pictures of offices or of mining equipment. They could be fake, they could be real, but really who cares? None if it has anything to do with what should be important to an investor. To me, they are red herrings to deflect from the more serious issues. Personally, I don't have the energy to investigate the individuals and any possible misdeeds in their past. I, like Henry V., am more concerned with the business model and the product claims that ABFG has made. My first red flag was that I know that gem quality (or any significant quantities) of emeralds are not known to exist in Madagascar. I can point to references on the internet that would corroborate this. This is important because ABFG prominently depicts sapphires and emeralds as the gemstones that they are dealing with. BTW: Sapphires are common on Madagascar. Additionally the business model that they describe where they control the process from mining the gems, to cutting and polishing, and then setting the stones and THEN distributing them would raise a red flag to anyone that is familiar with business processes. The reason for this is that it is terribly inefficient to control the process from start to finish as there is no opportunity to specialize. A distributor that bought the jewelery wholesale would be able to have a less expensive cost of goods sold than a company that mines,cuts,polishes,sets and distributes the jewelery because of this. If ABFG has found a way to change the paradigm to an extent that they can do things more cheaply by controlling the process from start to finish, then they will truly be successful. But until there is evidence of this through official financial documentation, it is perfectly reasonable for someone to call this into question. JXM

To: Spamboy who wrote (3620)	5/4/1999 5:54:00 AM
From: accountclosed	Read Replies (1) \| Respond to of 4128

I have looked for financials at: 1. abfg.com 2. Results of EDGAR Form Search Your query: american benefits Your search had 0 hits. Next form search! sec.gov 3. quote.yahoo.com And I don't find them. I thought as a shareholder who is positive on ABFG, you might have a link. The one piece of information I did find was this: Insider Trades - American Benefits Group Inc (OTC BB:ABFG) Updated: 22-Apr-99 More Info: Quote \| News Date Name Action Shares Type Price Value 16-Apr-99 PENNY MEYERS NORRIS Planned Sale (144) 3,803 Common - $5,362 24-Nov-98 FISCHER JOHN Planned Sale (144) 20,000 Common - $13,800 18-Nov-98 BARRINGTON CAPITAL Planned Sale (144) 300,000 Common - $180,000 1-Nov-98 WITTE DIRK Planned Sale (144) 100,000 Common - $52,000 19-Aug-98 TUCKER JERROLD Planned Sale (144) 13,500 Common - $27,000 23-Apr-98 TUCKER MONTANA Planned Sale (144) 90,000 Common - $90,000 22-Apr-98 TUCKER SHAYNA Planned Sale (144) 90,000 Common - $90,000 (i) indicates indirect holdings biz.yahoo.com Do you have any reaction to that? All transactions in that list are insider planned sales...no purchases. tia