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Re: Nest Egg post# 36436

Saturday, 05/19/2007 3:59:20 PM

Saturday, May 19, 2007 3:59:20 PM

Post# of 38584
I'm sorry for your loss. And that you have to deal with this in the aftermath.

Back in October, EQBM did look like a good investment. Any time you're dealing with the opportunity for multi-1,000% returns, you accept the possibility of a 100% loss. But you have a right to expect your CEO will play straight with you. Ours misled and betrayed us.

If you absolutely need your money back, I recommend you place a GTC (good till canceled) sell order on EQBM of .003 and a GTC sell order on SOMA (you didn't mention your broker's name, but it is tradable through most) at .30. In a month you should have most or all of your money back.

That said, I agree with knight that if you don't absolutely need your money back now, you should wait. EQBM is a total crap shoot. Who knows what will happen with it? But there is good evidence that SOMA is the proud owner of one functioning mine tailings line with an option for 2 more. The price has been slowly rebounding on Frankfurt and it's trading oddly here. It is reasonably possible that it will break a dollar or more over the summer and you can still turn a nice profit.

Good luck to you.

Tim


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