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Microcap & Penny Stocks : NAMC Mediation and Arbitration over the net

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To: StaggerLee who wrote (9)7/11/1999 10:49:00 PM
From: Glenn Petersen  Read Replies (1) of 104
 
>>I can't believe how cheap these shares look<<

They do look cheap. I was going to point out that the stock has had a rapid run up, that it closed at 1 on June 22, that it probably needs to consolidate its gains and that the Internet part of their business is just getting off the ground and will not immediately be contributing much in the way of revenues. However, that would just be sour grapes as I read the article in Forbes and took a pass of the stock. I am hoping for a pull back to 4. Probably wishful thinking.

They do appear to have the resources to roll out their new services. If you take a look at their Form 10-Q for the quarter ending March 31, 1999, you will see that they had about cash and marketable securities totaling about $.69 per share.

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