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Microcap & Penny Stocks : Surequest Systems Changes Symbol to DIET

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To: Can Do Stocks 2 who wrote (104)7/18/1999 1:31:00 PM
From: Kingfisher  Read Replies (1) of 166
 
Can do, $$$ always make sense but regulatory agencies will most likely not allow the rich to exploit the poor nor stock companies to fleece shareholders.

I have addressed this subject mater with you on this thread before and I must agree that the present company seems to be moving in the right direction under new management but SureQuest has yet to become an SEC reporting company.

SureQuest went public at around $6/share in January 1997.

A pseudo investment banker [Sauceda & Granville] pumped, manipulated and then dumped the stock such that in January of 1998, the stock was under $0.50 and it eventually sank to under $0.06 earlier this year.

For brevity, my point is this. Any company that is to absorb DIET will have to take on a lot of garbage and may have to offer a price for the stock well above the January 1997 IPO price of $6/share in order to try and prevent civil and maybe even criminal law suits.

This may be a stumbling block for your take over rumor to materialize.

Maybe I should put it another way, do you really think that DIET is worth 300-to-400 million? I don't

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