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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50]

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To: Ga Bard who wrote (2387)6/22/1999 10:50:00 PM
From: Jorjenzak  Read Replies (1) of 4766
 
Then you are equally unsure as to whether it is illegal. I will see what I can find out and try to report.

On its face, I do not see any problem. If you already have your certs (which I doubt anyone would unless they got shares through a 144 offering or other direct purchase) then you could simply request the company to reissue the shares as a June 30th certificate. I doubt the company would object.

I'll emial the CEO (who is always open to questions) and get his response to these concerns. Do you have anything specific to add to the discussion?

Until then...it looks like easy free shares for a good purpose. BTW, one BETT thread member spoke to his brokerage about this unique strategy and was told they knew of one other company who did this and succeeded in beating the shorts away (to Chapter 11 I hope!) FWIW.
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