Greenland Corp. (GLCP) Message Board

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Microcap & Penny Stocks : Greenland Corp. (GLCP)

GLCP 1.000

0.0%

Jan 29 9:30 AM EST

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To: Ray k who wrote (24)	6/27/1997 7:44:00 PM
From: Mike Felty	of 2278

Here's some news for the thread. Was wondering why stock was falling. Quick answer-lots of selling in big blocks, my guess 700,000 shares or more owned by the previous owners/operators of predecessor companies to Greenland. I spoke to Carl Davis at Greenland. He handles investor relations. The good news is that Greenland is going forward with the Phase II installations in Utah and Oregon within the next two weeks. These installations will utilize the 450 megahertz range-important because that is what Greenland designed the system to use. Problems recently encountered with the east coast installation all relate to unavailability of 450 megahertz to Greenland, and a field re-design to use 380 megahertz. According to Carl, that installation is almost complete. The parking meter prototype is built and contracts being negotiated with three mexican cities-should produce six to eight million in revenue to Greenland this year. More later

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