RECEPTAGEN---RCEPF Message Board

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Microcap & Penny Stocks : RECEPTAGEN---RCEPF

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To: Brian Murphy who wrote ()	4/1/1997 9:34:00 PM
From: Bruce Hoyt	of 267

Hi gang, finally something to write about on this one. Closed at $ 0.255C x 0.30C. That's a 30% gain in one day and part of a trend the past few days of strength. Looks like somebody may have a good feeling or inside info about next Monday's meeting. Here's a short excerpt from the 3/12/97 news release about next Monday's meeting: " The creditor meeting has been set for April 7, 1997 where its approval will be determined by a special resolution of the respective creditors and by the court. A special resolution requires the approval of a majority in number of the creditors voting upon the Proposal, representing two-thirds in value of their claims." As I have been saying, I expect a recovery to between $ 0.30C-0.40C after this meeting but it looks like we may see it before! Bruce

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