bby buy recommendation : 70 cent target, page-16

All very interesting... my story...

On a broker's tip I put around $5K into a penny mining stock going nowhere called St Francis who were looking to get out of mining in the early tech boom (circa 2000ish) and re-invent themselves as a tech stock with a great deal in the pipeline to become the main ISP for Malaysia with a potential of massive capital gain when the ISP went live.

The deal fell through for reasons unknown (at least unremembered) and St Francis stumbled along for a couple more years leaving me with a pile of now practically worthless stock that had numerous consolidations and capital raisings to keep it from going under totally. Around 2003 a final throw of the dice was to re-invent itself as Sundance Resources which also meandered along. In the meantime I had thrown my worthless paper in the bottom draw and gave up on it as a lost cause.

I'm actually finally now in profit not accounting for lost interest on the initial outlay. So you guys who say think long term just give me a thought here. I can wait as long as it takes now for this to become the next FMG as I'm already 8 years down the track and what's a few more when I had already written off my initial outlay.