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Re: ImakeMONEY post# 256

Saturday, 01/04/2003 10:53:20 AM

Saturday, January 04, 2003 10:53:20 AM

Post# of 19544
I couldn't have said it better.

Up to now, we have commitment of someone having to change the PERCEPTION of him, consequence of past errors he did recognise in a recent release.

Filling his commitments (audited financials and normal reporting) in expressed delays (90 days or less) should correct this PERCEPTION and render whatever recent releases he made (more) credible. In such a context, I would expect the price of our shares to become close to 5 times the EPS showned by the audited financials.

On a longer term (12 months???) getting a listing on a more credible exchange should rapidly get the multiple in the 8 to 10 area.

On the other hand, failing to meet the first set of commitments would be desastrous.

That is why this stock is actually very speculative and presenting a high risk.

BHuying in a position with money you can afford to loose is therefore appropriate but adding to the risk if you actually have a good position is not recommended at the present time.

Having been burned in the past by a OTC-BB company promissing great future, being promoted by successfull and reputed individuals, having audited (admittedly bad) financials and reporting normally, I beleive that prudence is critical for the moment.

As we say in french "cat having been burnt by hot water are scared of cold water".



Roger

Patiently,

Roger