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Microcap & Penny Stocks : MEGACHAIN.COM LTD (OTC-BB: MGCN) -- Ignore unavailable to you. Want to Upgrade?


To: gladman who wrote (93)5/14/1999 3:15:00 PM
From: KLN  Read Replies (1) | Respond to of 191
 
To all: I have been watching this company for a while, tho it hasn't really done all that much. After seeing the HITT meltdown, and learning of the background of the people involved in that stock, I urge everyone to be very careful with MGCN. Altho you can dress it up as "multi level e-mail," it is basically just multi-level marketing, with all the bad that goes with that. If the principals of the company are on the up-and-up, it could work, but these BB stocks are prime areas for frauds, shills, etc.

Don't get me wrong - I am reserving final judgment on this one, but it sure gives me a bad feeling. I got the same bad feeling on HITT late monday, and got out with great profit, only to see company (and many investors) go into a meltdown on Tuesday. I have gone all thru the web site, and it really doesn't make me feel this company is going places. Lots of promises, little substance.

Be careful.

KLN



To: gladman who wrote (93)5/14/1999 4:21:00 PM
From: francis terry  Respond to of 191
 
Well gladman i am sure you herd the same rumors that i did, but usually it takes longer for any thing to happen than we think. So sometimes we just have to be a patience at times and i can not even spell it without looking it up. Well of course these bb companies do sometimes crater, but so does every thing else at times. The trick is to have 3 or 4 that show promise and one of them will usually come through. Even 250hitters in the major leagues make tremendous money so you can see we are in good territory.---francis terry