CGCOC - New Web Portal Message Board

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Microcap & Penny Stocks : CGCOC - New Web Portal

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To: P.E. Allen who wrote (15)	1/29/1999 8:26:00 PM
From: Thu Ra Tin	Read Replies (1) of 95

From YAHOO MESSAGE board Just spoke to the president of the company... by: trusteve 198 of 198 After speaking to the president of CGCOC, these are some areas we talked about; 1.On the halting; Nasdaq has halted trading and sent a letter with six questions they would like answered.The questions have been answered. The first draft and a News Release will be forthcoming about it. He went on to say that the Boston Exchange has not halted trading. 2.On the delisting; It is true that they were about to be delisted on 2/10/99.In fact Nasdaq encouraged them to give a reverse split,and this is why they are going a different route with the company.To paraphrase Mr. Machulak, "Most companies that enter into a reverse split are doing a disservice to thier stockholders as most of the time it fails to help the company right itself." 3.On the Web Page; They have been working on it for a long time and have many companies signed up. It is not something they dreamed up just recently. 4.Company has over $11,000,000 in gold reserves so stock should be trading in the $7-8.00 range. Hope this helps, Steve

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