Save The World Air Inc. (ZERO) Message Board

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Non-Tech : Save The World Air Inc. (ZERO)

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To: StockDung who wrote (270)	7/29/2000 12:16:35 AM
From: Q.	Read Replies (2) of 445

re. CCCX: It seems to be the latest trick for BB companies, not just CCCX, to issue PR's claiming that they are going to satisfy the shareholders-equity listing requirements for nasdaq (or amex), and that they are doing this by selling shares in exchange for non-cash assets. The asset shows up on the balance sheet and improves the shareholders equity just as much as cash would. In CCCX case, this is an inventory of mineral powder. Most likely these assets are of dubious value. Probably they the companies try this trick to make their balance sheet look better because they are unable to sell shares for what they really need: cash. Here's an example of another company that is trying this trick -- THAT ragingbull.altavista.com BTW, speaking of stock promoters, that post was by an interesting one: Alan Zazoff. Here's another by him: ragingbull.altavista.com Here's a David Evans article that mentions him: quote.bloomberg.com

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