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echo: locsysop
to: Brenton Vettoretti
from: Frank Malcolm
date: 1997-03-09 00:08:38
subject: cupla things

Hi, Brenton.

BV> FM> What are Sausage today? 30c? (They listed at I think 90!)
BV> FM> Now 26.5. :-)

BV> And falling ?

Around 20c now, I think. :-)

BV> Sounds like the CFO visit may have done more damage than good.
BV> I wonder how he must feel if taking the position he really
BV> thought he was onto a winner.

I guess he gets a fat salary, walks to a new job when they fold.

BV> Share price plummets. ... Oh shit, time to do the rounds of the
BV> brokers to shore up support. Instead, he gets kicked in the guts.
BV> Ouch !

Serves him right for being a fuckwit, working for a fucked company.

Formulab is another case in point. They "back-door" listed, paying the
shareholders of the reverse take-over company 10 cents and I think
raised some capital from the public at that price. Late last year I told
any of my clients holding them that they *must* sell before December 2.
They reached $1.52 that day, the day of their major presentation in New
York to facilitate their listing on the US exchange. Within 2 days they
were 80 cents-ish. Now trading between about 38 and 60. IMHO they're
worth less than Sausage, less than *your* valuation of Sausage. :-)

BV> BV> If "the market", is really that stupid, then we've
gotta talk !
BV> FM> You have my number. :-)

BV> Rest assured, I'll use it when the time is right.

OK.

Regards, fIM.

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