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Microcap & Penny Stocks : SAFR - Safari Associates Inc.

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To: Cavalry who wrote (18)8/18/1998 12:30:00 AM
From: Debra&Jeff  Read Replies (2) of 33
Accepted, but I agree you raised some questions worth asking.

After reading THE BARRINGTON REPORT I noticed the statement that says "Barrington Financial is a subsidiary of Union Trading Financial Ltd. - a full-service discount brokerage firm with headquarters in Amsterdam, Netherlands." I decided to save an INTERNATIONAL dime and take both of you at your word.

As for them being the Underwriter I called the company and was told this was not true. My DD file for this item is blank because they currently do not have an underwriter. Their underwriter was Churchill Securities who is no longer in business.

Mort did acknowledge that several underwriters, both here and abroad, interested in SAFR have contacted him. He also said he was not connected, in any way, with Union Trading Financial Ltd.. He also said this was not a paid release. Maybe this is their version of a free sample! <g>

The conversation on a secondary offering was less clear. What I did get out of the conversation was that it would not be done without increased shareholder equity. We have previously discussed his attempts for international distribution. These items may be connected.

After being burned on another stock or five I had some very direct questions to Mort, in our earlier conversations, on dilution. IMHO his answers were always very positive. He feels that additional dilution should equal additional shareholder equity. Sometimes I leave these conversations wondering if this is really a penny stock! Gullible, maybe. Hopeful, yes! Watching, always!!

I should be the one to apologize! These long posts are a result of holding the stock for a long time and only having a very few to discuss it with! You insight and objectivity are appreciated.


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