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Microcap & Penny Stocks : EBLD - Entertainment Blvd -- Ignore unavailable to you. Want to Upgrade?

To: Guy. who wrote (2567)	5/26/1999 5:49:00 PM
From: Note bene	Read Replies (3) \| Respond to of 3838

I'll tell you why we all want to see the audit. The completion of the audit will: (a) allow EBLD to be blue skied (within approx. 14 days following the release of the audit); (b) trigger the appointment of two very high-profile board members; (c) provide the necessary stepping stone for a NASDAQ listing; (d) permit the completion of the financing; (e) enable retail brokerages to have their analysts start covering the stock (and rumour has it that there are a number of them that are chomping at the bit to put out reports on EBLD); and (f) make it worthwhile for the company to release a large amount of information about the company because there will finally be sufficient available buying power to take the stock to realistic levels ($15-30??). From my standpoint, this stock is a screaming buy anywhere under $5. Remember, the company had lined up a sophisticated investor who was going to purchase 2 million shares at $5, before the audit was delayed. That investor obviously analyzed the company's financial condition and prospects and decided that $5 was a reasonable price. And investors like that do not invest in OTC stocks looking for 20% or 30% gains. They look for 5 baggers and 10 baggers and 20 baggers, and once they have their position in place, they use their retail and institutional networks to buy up the stock. As fate would have it, the internet sell-off coupled with the delay in the completion of the audit will probably result in the financing being done at a lower price. Oh well -- it really doesn't matter. Given the current stock price, the private investor now has more leverage. The fact remains that having reviewed the company's fundamentals, the investor was willing to pay $5 per share. That tells me that we should be looking at a minimum $15-25/share following the completion of the audit and the financing. Caution and disclosure: These are only my views. Do your own due diligence. I am very long EBLD and plan to stay that way. I am more than prepared to sit for a few months to obtain a ten bagger. Everyone, keep your eyes on the horizon. It is always much prettier there. Good luck to all.

To: Guy. who wrote (2567)	5/26/1999 6:06:00 PM
From: Rob Thomas	Respond to of 3838

guy there will be little revenues,it would have leaked out IR couldn't keep its mouth shut if there were $ flowing through the company,no way. i agree with you, its yhe other stuff that counts..

To: Guy. who wrote (2567)	5/26/1999 10:34:00 PM
From: Zeb Man	Respond to of 3838

Other than to make a shit load of money.......... My main reason is that the audit will legitimize this public company. The company has to be (JMHO) losing money...it only makes sense...however the audit will substantiate the companies position a serious public/reporting company. (and with it, it will allow them to publicize recent hit totals...I'm interested in that more than anything!) Thanks, Zeb Man