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Message: Re: tough day for Omag

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Sep 23, 2012 05:20PM

OK I'll tell it to you in a short version. I grew up with a group of 30 friends and we all meet once a year for the last 40 years. One of our friends became the president of a Canadian company called spooner mine and oil. When the stock was $0.03 at a yearly get together we were told to buy his firms stock. By the way all of us are at least college graduates or higher.

We all bought 1 million shares each.

One of our friends who went to MIT and received a doctorate couldn't handle the pressure of working with NASA and took a job in the post office sorting mail. When he quit NASA we never saw him again because he was embarrassed that he couldn't handle the job.

Five years went by and the stock went down to a penny and up to a nickel. After seven years we all met and asked so when is this stock going to explode and he said don't be impatient, it's going to happen SOON ( sounds familiar). In 2 more years when the stock hit a nickel we all got out except the post office friend. We all rhought enough was enough. About a year later i happen to look in the Sunday busines section of the NY Times and the Spooner company made headlines that it was in merger talks with Exxon.

We couldn't buy because it was delisted or something..

After 6 months of negotiations the stock was bought out at $30.00 per share if you wanted to sell. I and the rest of us was pissed.

At our next yearly gathering we never brought up that we sold at a nickel.

I finally found the post office worker and asked him about the stock. His response was "when I get SHIT mail from them I toss it. " I informed his the stock is now $65.00 per share and he said YEA RIGHT!!!.

I then should him the stock and he said that Exxon not Spooner. He called them the next day. He took the certificates and put them in his drawer when he bought. He didn't trust a broker. When he called me he said he has another 2 year to receive his pension and he will sell then.

He sold at $102.00 per share back to Exxon. He moved to California and bought A HOME IN BEVERLY HILLS.

Sitting at the Beverly Hilton with a friend he made a few guys at the next table were talking about they wanted some investors to open up a movie studio and my friend said can I be an investor? They said they need a total of 15 million for 3 people for 45 % of the company. He said he will give them the 15 million totally.

To end this story the three guys were Rob Reiner, Ron Howard and Paul Anka and they started a company called castle rock studios. In 4 years his 15 million was worth 90 million and still going.

I made around 15,000 and was happy as a pig in mud.

PS HIS HOME IS WORTH 40 MILLION - HE PAID 2.3 MILLION. HE HAS A JET COPTER AND THE STUDIO HAS A JET FOR PERSONAL AND BUSINESS USE.

YOU NEVER KNOW WHAT TOMORROW BRINGS


Sep 23, 2012 09:51PM

Sep 24, 2012 05:01PM
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