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ArthurW1665

05/25/05 1:47 AM

#52831 RE: No Problems #52829

What will happen if this person (persons) cannot pay or is dead or gone to Mexico? Are those fs shares worthless?
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Jim Bishop

05/25/05 2:16 AM

#52833 RE: No Problems #52829

I agree. It's not the company. Might be insiders, might be one or more others, or a combination of both, it's whomever was selling.
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Lazarus

05/25/05 2:28 AM

#52836 RE: No Problems #52829

unless of course the person or persons you're referring to...

say

"wait a minute -- i dont know wtf is going on. all i know is these shares showed in my account and my broker said i could sell them - so i sold them at the posted bids"

interesting to watch ... breaks the monotiny of a lousy penny market.

i dont know anything about this company -- but my guess is that it is worth ZERO or has a HUGE NEGATIVE NET WORTH and is worth less than ZERO [lol].

hey -- maybe it was a complete scam. an insider issued himself 3 million shares and got them all off to you folks for an average of a buck and a half --- thats a nifty 4.5 million --- and he has emptied his account and fled the country.

some of you guys gotta remember MIDL -- story goest the CEO scammed everyone and fled to the Bahamas. stock was halted in like 1998 and has NEVER traded since but for years people who lost lots of money were posting and wondering what was gonna happen with the stock. its like 7 years later and it still doesnt trade.

there was a big hullabaloo about a dividend and a split --- but NOBODY EVER GOT ANYTHING...LMAO!!

go here: http://www.siliconinvestor.com/subject.aspx?subjectid=17037

and you can read thousands of posts on the saga.

whether you are long or short -- good luck. dont be surprised though if they halt the stock and it never trades again.

Lazarus