Tag Archives: BRLG


ore on Buffet and Burlington Industries, there’s a new twist
to the story, it now appears to be a battle of two billionaires.
BRLG gained 100% Friday on news that Wilbur Ross of WL
Ross and Co. is trying to wrestle control of BRLG away from
Warren Buffet and Berkshire Hathaway. Why the stock spiked
Friday is this: “Ross is offering a plan that may get shareholders
something like 50-60 cents a share.”


That’s a nice gain from Friday’s close at .025. If Buffet wins
control, the stock price goes to zero (according to what we
reported last week from Burlington Industries’ Press Release).

If Ross wins the stock price goes to the moon (relatively
speaking compared to where it is now). It appears like a
50-50 gamble from here in the cheap seats. I guess you
got to ask yourself, do I feel lucky?

Hop-On HPON (.129) is the developer and marketer of
the world’s first disposable, fully recyclable, and contract
free cell phone. A blurb in the latest issue of Business 2.0
magazine (March 2003 issue, page 126), as well Popular
Mechanics (March 2003) and Consumer’s Digest may give
them some needed recognition. The fact that they are a pink
sheet stock we will merely mention but not harp on.

80,000,000 s/o as of 9/27/02 (according to pinksheets.com)



The rich get richer…
Isn’t now the time to buy, imagine the deals you can get.
Warren Buffet just plucked one from the OTCBB.

Berkshire Hathaway announced the purchase of Burlington
Industries BRLG who’s been in Chapter 11 since 2001.

For all those enticed by “Q” stocks:
“All shares of Burlington’s Common Stock would be
canceled with no payment.” Just so you know.

Locate Plus Holdings LPLHA (.18)
recently reported record revenues

Whats more interesting is this:

Dr. Richard Geist Initiates Coverage on LocatePLUS Holdings

I’ve mentioned this guy in the past in reference to some insightful
articles he wrote regarding the psychology of investing.
Never knew he was in the “coverage” business.
He was paid quite handsomely according to the disclaimer.
Either way, LPLHA provides online investigative solutions to law
enforcement, legal and insurance professionals, licensed investigators,
and other related businesses. The “snoop” business apparently
is growing.

Shares outstanding as of 9/30/2002
Class A Voting Common – 53,108,580
Class B Non-Voting Common – 56,640,726
Total 109.75 million
Website: http://www.locateplus.com

Markets are closed Monday.