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Microcap & Penny Stocks : INNOVO (INNO)
INNO 0.0790-21.0%Jan 21 4:00 PM EST

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To: Frank Brisebois who wrote (353)10/22/1996 6:10:00 AM
From: Hubert Few   of 4179
 
I was just looking at an intraday chart on Inno and it appears that there were two 100K and numerous 50K sells. does anyone know if they have issued shares to cover their new expenses? Seems that I recall the Thimble Square shares were unrestricted, were they not?

I hate to sound unduly negative....but did the $750K "loss of business due to low capacity" (not a direct quote) sound familiar to anyone? Wasn't it a $500K loss due to "material shortages" a couple of months ago? Perhaps someone just likes to hear themselves thinking out loud when they issue these releases.....but this doesn't really strike me as news.

Well, I guess the proof of what is going on will come out in the next few days. If, as has been suggested, this company is more about the business of printing than sewing, there may be some public information available in the way of S-8 filings soon.

This is just my "seasoned" (ie; burned) 2 cents worth.....if it were easy, we'd all be millionaires, eh?

Good Luck to all....

Follows is my new closing statement: (NOT RELEVENT TO INNO THAT I KNOW OF)

I WILL NOT INVEST IN ANY STOCK PROMOTED BY EITHER SGA GOLDSTAR NEWSLETTER OR OTC COMMUNICATIONS (aka) OTC FINANCIAL NETWORK
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