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Microcap & Penny Stocks : Consoldated Capital Of North America (CDNO)
CDNO 0.002400.0%Nov 21 9:30 AM EST

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To: InOverMyHead who wrote (670)8/3/1999 8:39:00 PM
From: j g cordes  Read Replies (1) of 1078
 
Someone on RB made a comment that the bond underwriting could be best insured through the buying of cheap shares. If there were sufficient faith in the examination of assets and the business plan prior to the bond committment (one has to assume they made such an examination), shares would be a boon to anyone buying at these prices. 25 million shares, if that's the rumor, could be highly appreciable collateral. In any case it sure has caught traders' attention.
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