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Show March 21, 1969 OIL & MINING JOURNAL & Oil Miniag Approximate This information derived from sources Stock Quotations but regarded as accurate, not guaranteed, be- lieved to be correct. BANK & FINANCIAL COMPANY STOCKS LOW PRICED MINING, OIL & URANIUM STOCKS INSURANCE COMPANY STOCKS chuckin (Continued from Page 7) Thats our third reason for the OTC stock market boom. Its nec-cessa- ry. Business development is expensive and risky particularly in the mining and oil industries where you can sink a quarter of a million dollars into a dry hole again and again and again. Theres the risk and expense of exploration', the gamble and expense of getting into production on the basis of what is essentially an educated guess. Then there are the normal risks of being in business labor costs, the proce of the product on the mar- ket, transportation expenses, etc. The amazing thing is not that only a few OTC firms ever become viable companies, as the SEC complains, but that ANY OF THEM MAKE IT AT ALL! Theres persistent one final reason for the interest shown the penny market. Romance. The dream that nibbles at all of us that of finding a treasure. The secretary, the file clerk, the truck driver, the lawyer. All of us tied to eight to five Jobs can gain a vicarious satisfaction in penny stock are to someone who is finance helping out looking for that treasure in the earth. knowing those i i |