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Non-Tech : CGPR CONSOLIDATED GROWRS & PROCESRS
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To: dirtroad who wrote (34)10/27/1999 1:03:00 AM
From: Will Gamble  Read Replies (1) of 47
 
Hello! I sort of put CGPR on the "back burner"
after the post by "Mighty Mezz" about not buying
BB stocks. I had just made a long shot
investment - gamble on Frederick Brewing Co.
and I decided to just stay on the sidelines for awhile. There's no telling how this with Frederick
will turn out - infact there's no telling how
CGPR will turn out - but sometimes reverse splits
create unbelievable buying opportunities,because
people Throw up their hands. I made a HUGE kill
after USG did a 1 for 50 reverse a few yrs. ago.

Am hoping for another kill with Frederick, and
possibly another with CGPR - depending on how the
ball bounces.

Here is the background of Frederick Brewing Co.
stock - and where my gamble stands today with
BLUE (their symbol) :

Went public 3/11/96 with 805,000 @ $6 sh. (IPO).
3/24/99 had 1 for 10 reverse-price fell BIG TIME!
I put in order for 10,000 shs.@ 3/32 GTC.
Got partial fill- 8,000 shs.for $3,440.

BLUE is still trading (near $1.) but controlling
interest was bought by SNYDER INTERNATIONAL
BREWING GROUP which owns 2 other breweries.

Here is the strange part - if BLUE's 8,000 shs.
for which I paid $3,444 turn out to be a total
loss, I can find solace in the fact that this
represented about 10 % of the IPO which instead
of $3,444 would have cost IPO buyers $480,000.

As I'm sure you know, strange things can happen
in this market. My thought is that if stock goes up as much or more than 5 fold as a result of
the 1 for 5 -thats good. If price crashes -
BACK UP THE TRUCK!!!!!!

Best regards, hang in
there!

Will Gamble


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