John KaiserKaiser says sell 25 per cent of Luxmatic
Luxmatic Technologies N.V. LTG
Shares issued 26,407,304 Apr 10 close $1.90
Mon 10 Apr 2000 In the News
John Kaiser, writing in the Bottom-Fish Action for Feb. 28-March 17, says
investors should sell 25 per cent of their position in Luxmatic
Technologies at $2.55, its price at the time of his report. Mr. Kaiser
recommended the stock in December, 1998, at 40 cents, and in May, 1999, at
dips under 70 cents. The letter writer notes that Luxmatic plans to acquire
a startup called WiredMerchant.com from EcomPark, a Yorkton Securities
financed incubator. Wiredmerchant is a business-to-business Internet
company that plans to sell hard-to-find computer products. Mr. Kaiser
raises an eyebrow and calls the plan a stunning bundle of originality that
nevertheless helped propel it to $4.35 on Feb. 25. The CDNX, probably
impressed by the sponsorship of this reverse takeover by Yorkton, did not
require Luxmatic to go through the change of business wringer. He adds that
if anyone wants to see what goes on behind the scenes of companies that
escape the wringer should check out Stockwatch's Street Wire on Luxmatic
dated Feb. 25. The story does not bode well for Luxmatic's future, he says.
(c) Copyright 2000 Canjex Publishing Ltd. https://www.canada-stockwatch.com