Thursday, September 18, 2003

Took another stab at illiquid securities today picking up some FRMO and some MMGG. FRMO is at least cash flow positive (they sell financial research), while MMGG hasn't made a dime in 8 yrs! Granted MMGG is currently inspecting the mines that they own the right to mine in Mexico, and the company should be mining at some point in the near future (in theory). The owners are buying and you have to like hard assets, so I am a buyer.

Note -- these securities are illiquid because they don't trade very frequently and the stock is held by few individuals. The bid (what you can sell for) ask (what you can buy for) spread on both are pretty big. This is my long term possible big upside plays, so fingers are crossed. Tell all your family and friends and pick up some shares.

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