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Possis Medical, Inc. (NASDAQ NMS/POSS -- CS 7/97) secured
gross proceeds of $15 million in a private placement (1,594,049
shares @ $9.41). Call VP Eapen Chacko @ 612-717-1157, e-mail eapen.chaco@possis.com,
or write to 9055 Evergreen Blvd, Minneapolis, MN 55433. www.possis.com
[R-8; M-7; L-8]
Team Communications Group, Inc. (NASDAQ/TMTV -- CS Sneak
3/99) will premier its first "Call of the Wild" action-adventure
series episode as an Animal Planet two-hour movie Friday 3/31 @
8:00 p.m. (EST/PST). It stars Nick Mancuso. TMTV also secured the
U.S. rights to produce & distribute a new format of "Tutti Frutti,"
which enjoyed very long successful runs in Italy, Germany, & Spain.
Call CEO Drew S. Levin @ 310-442-3500, fax 310-442-3501 or write
12300 Wilshire Blvd., Suite 400, Los Angeles, CA 90025. For IR,
call 904-409-0200. www.teamtv.com [R-7; M-7; L-8]
USA Video Interactive Corp. (OTC BB/USVO -- CS 4/99) received
an order from LearningStation.com for downlink-satellite-ready USA
Video Interactive "Hurricane" video server system. It also sold
its Hurricane system & system integration services to the ApplicationStation.com
in a two-year $5 million transaction. It also will develop its wavelet
streaming video solution for Sun Microsystems, Inc.'s SolarisTM
Operating Environment.
I interviewed my old friend Ed Molina, USVO president, & am extremely
impressed with his progress. USVO has become a real sleeper. On
3/22/2000, USVO issued three news releases: check them out. The
most important one announced that XpatLIVE.com selected USVO as
exclusive Internet streaming video & video on demand partner. The
two companies signed a three-year 50%-50% revenue-sharing contract.
There are a great many opportunities opening up for USVO -- call
Kevin Yorio @ 800-625-2200, fax 860-572-7753, or write 70 Essex
St., Mystic, CT 06355 www.usvo.com [R-6; M-7; L-8]
Veronex Technologies, Inc. (OTC BB/VXTK -- CS 8/98) was
covered in a comprehensive research report by Torrey Pines Securities,
Inc. Request a copy from David Wooldridge, IR @ 800-500-3379, or
write 18023 Sky Park Circle, Suite E-2, Irvine, CA 92614. www.veronex.com.
[R-7; M-8; L-9]
Disclosure
Conservative Speculator (CS) does not rent, sell, or divulge its
subscription list. We do this to protect our subscribers' privacy.
Rosanne & I are owners of WallStreetCorner.com, Inc. ("WSC"). WSC
charges its Charter Participants $5,000 per year of participation,
but there has never been, is not now, & never will be a charge for
editorial coverage in CS, in the "Larry Oakley's Opinion," Larry
Oakley's Weekly Stock Pick," or "Larry Oakley's Daily Comment" sections
of WallStreetCorner, in my speaking engagements at investment seminars
& conferences, or on radio or TV shows in which I am interviewed.
While Rosanne & I are not owners, officers, or directors of Stockcom
Inc. ("SI"), I do some consulting for SI. A company's unique product
or service, growth potential, & other fundamentals that cause me
to write about it are similar to characteristics WSC &/or SI seek.
Result: Some companies covered in CS may be invited by WSC to
be participants, or possibly by SI to be clients. I may also cover
some companies that became WSC participants or that might have become
SI clients before they were considered candidates for CS. Being
a participant on WSC's site is not a prerequisite. It is pointed
out to every WSC participant that coverage in CS is free of charge,
& is not a part of their participation. I am not aware of which
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Recommendations, & mentions in this issue, LGF, MAWI, MTEY, & USVO
are participants on WSC.
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Any statements in the Recommendations, Update Briefs, Sneak Previews,
or other coverage in this newsletter that are not historical facts
should be considered forward-looking information as that term is
defined in the Private Security Reform Act of 1995. They can often
be identified by such terminology as "predicts," "projects," "believes,"
"estimates," "should," "contemplates," "expects," "anticipates,"
"may," "will," &/or any variation of these &/or similar terms. Such
information & the related company are subject to many risks & uncertainties.
There can be no assurance that actual results, business conditions,
business develop-ments, losses & contingencies, & local & foreign
factors will not differ materially from those suggested in the forward-looking
statements as a result of all sorts of factors (just a few examples:
market conditions, competition, advances in technology, acquisitions,
mergers, potential litigation, personnel changes, market changes,
capital availability). In short, there are absolutely no guarantees
when it comes to future performance. That's one reason why I strongly
recommend that you talk to a senior management person at any company
in which you contemplate taking a position, & form your own opinion
before proceeding with any investment.
Important Strategies
These comments apply to every situation mentioned in Conservative
Speculator. Special situation, low-priced, micro-cap, & high-gain-potential
stocks have high risk. Fortunately, not many speculative situations
turn out to be disasters, but some do -- that is a risk you must
accept. Here are three of my most important strategies:
1. Be prudent -- the total funds allocated to speculative stocks
should be limited to a small percentage of your cash, certainly
no more than you could lose without discomfort. I then suggest no
more than 5% of that small portion be invested in any one stock,
to spread your risk.
2. Do not accept my opinion as the reason to invest. Call the
company. Get a feel yourself. If you are not totally comfortable,
pass. I give you an ample number of possibilities. My task is to
expose you to potentially profitable situations. You have the responsibility
of making any investment decision. Do not give up that responsibility.
3. I suggest you apply a moving stop-loss strategy. If the price
goes up, raise your stop-loss guideline point to something like
20% below the new price. Keep doing that as the price rises. If
the price goes down to your stop-loss point, grit your teeth & sell.
This limits loss, but lets profits increase.
Important Information Re CS & Special Situation Investing
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Do not rely on it as the sole source of data/opinion for making
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