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Microcap & Penny Stocks : HGRM--Any Followers? -- Ignore unavailable to you. Want to Upgrade?

To: ksuave who wrote (2669)	5/29/1999 9:10:00 PM
From: Ted M	Read Replies (1) \| Respond to of 3576

This is a risky stock. If there were less unknowns it would be trading higher. I bought in after the Russian announcement with the expectation that the company would be give us more to go on than they have so far, so I'm not happy about that. However, that was the risk I took. The Russia news brought me in and has kept me in. The lack of the audit was long in the tooth even back in February, so I don't see the credibility picture as far as that is concerned as having gotten much worse. How could it? It was already bad, having talked about becoming fully reporting in press releases back in 1997! Still maddening, and a definite black mark. So, my dd focused on whether the contract had any credibility at all. I was able to verify that this unbelievable contract was real. It's existence provided a bit of credibility. Of couse, it didn't change the concerns about the ability to collect payments, but at least it was one less worry that all the hopes were not sitting on a non-existant deck of cards! The question is are you willing to risk the loss given the potential reward, and what is the likelihood of that reward? This requires weighing the possibility of success given what little we do know at this time. I've been as skeptical as about anyone here and still have some definite discomfort, unlike some others. But, I'm not uncomfortable enough to sell. Certainly not at these levels. In fact I bought more on Thursday. If the unknowns were known and positive as we hope, the price would be quite a bit higher, and the stock less risky. Yet the reward would be less. Positive news must be forthcoming soon though or these levels will IMO be considered a nice place to return to. I'm curious. Have you done any dd? If, so would you mind sharing it with us? Ted