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Microcap & Penny Stocks : Microtel, benefitting from the Telecom Bill

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To: Buzz Mills who wrote (35)11/20/1997 8:38:00 AM
From: franco nuvoloni   of 189
 
Buzz,

I think that the fourth quarter already should be at least break even. If the stock market is a discounting mechanism then the stock price should react in advance.

The problem of MCTL is that they are not researched at all, they can put out any news and nobody even looks at it and they have the old chairman's off shore company, ELK Intern., continuously hammering the stock. He should have another 400k shares, the remainder are warrants with strike prices above 2 buck, so he won't sell them down here.

The fundamentals get better every quarter but stock price falls further, what a frustrating situation. Well, that's how life sometimes can be.

Regards,

Frank
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