Bill: Mixed feelings on this. Only sure thing is that as various people admit to being less enthusiastic than they were, old Scott will take it as "proof" that they're really John Hollen, just as he did with Swami's recent post on RB. That Scott is one pathetic individual
Looking at the stock... As a leftover, something might happen with 7GT. The odds are whatever they are and depend on whether the two software geniuses next come up with something that needs a company or just something to play with in the lab. I wasn't around when stock was under previous symbol and doing advertising so my experience dates from early involvement by Mike Lowe and I wasn't bothered at all by dropping the ad business since that wasn't what attracted me in the first place. Bought at one cent and more at various prices up through 1.8 cents. Took profits on the way up and have paper losses which look pretty real on shares bought on the way down at 8 cents and 3 cents. Much smaller paper losses on truckload of shares at .003.
Raabe is a go-getter entrepeneur type. Simply based on his personality, I have little doubt he will be doing something and will (why not?) use Arete Industries as the vehicle. From a totally cynical viewpoint, it's probably a great investment at current level, but I've never looked for or recommended that sort of thing. Hate to sound like a preacher, but buying at .001 and hoping for a 10- or 20-bagger amounts to taking advantage of the next crop of naive investors who will be buying in at 10 or 20 times your level. Just not my style. Whether it's a startup, a turnaround, or an R&D situation, my risk money is on the lookout for those rare exceptions to the rule that -- for whatever particular reason -- look like they just might give returns of greater than 1000%. Right now that means PWTC and CDDD.
With the market the way it is (and that's the way it's likely to be until Sept or Oct of 2002), Raabe's best bet is to lay low, maintain reporting status, rent out most of the office space, and be laying the groundwork for his next venture. When that venture arrives, Scott will probably be posting warnings that Raabe is planning to fleece another batch of investors. Another viewpoint will be that Raabe is an Edison-like personality who keeps on trying and trying until he eventually succeeds. I'll try to be in between the two extremes, looking at the venture and deciding whether to sell all or half or none depending on what I think of the venture's prospects. And it would be okay with me if the next venture looks so good that it's worth buying more at 1 or 1 1/2 cents.
Caradoc
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