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Microcap & Penny Stocks : AmeriResource Technologies (ARET) -- Ignore unavailable to you. Want to Upgrade?


To: Russ Howard who wrote (6817)5/25/1999 10:13:00 AM
From: J. A. Pina, Jr.  Read Replies (1) | Respond to of 7609
 
Just like saying I will start my diet by Monday but... which one..?

See ya.. JP "II"



To: Russ Howard who wrote (6817)5/25/1999 10:51:00 AM
From: Milk  Read Replies (1) | Respond to of 7609
 
If I remember correctly, the site was supposed to go live "by the end of the month". I have a sneaky suspicion that they might miss the deadline, which is quite common with complex web development projects. The news release indicated that the loan origination website would have video conferencing - don't be surprised if it's not there when the site goes live. For that same reason I sold during the last run up, expecting to get back in at a lower price (which is now happening).

E-Loan IPO (EELN) is scheduled for the first week of June, and that's when I think we may experience a nice sympathy move in ARET' stock price (provided the Nativeamericanlender.com website is up and running as promised). For now, I see ARET dip even lower, which may provide an excellent buying opportunity.

JMHO,

Milk

P.S. [edit] Here's the original website announcement:

LENEXA, Kan.--(BUSINESS WIRE)--May 5, 1999--Dustan R. Shepherd, President of First Americans Mortgage Corporation (FAMC), a subsidiary of AmeriResource Technologies, Inc. (OTC BB:ARET - news) announced today that they will launch their Native American Lending website (http://www.nativeamericanlender.com) by month's end.