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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who wrote (15342)12/1/1999 11:24:00 AM
From: paper man  Read Replies (2) of 150070
 
Jim. One other thing. The family that was bought out, the original owners, more than likely still have about 5 million shares to move; let alone the 60 million or so that Rice owns. If there is upside other than you or someone else buying the stock, my guess is MMs are getting this one ready for the barn. Be careful is me thoughts......

Then again, maybe I am not up to date and it could be possible that Rice Partners, if they have a majority ownership in 1 of the 21 private companies they are vested in, they may try a reverse merger. But, I doubt it as they hold minority stakes in their portfolio. And in addition, a reverse split would be likely with 70+ million outstanding. Also, there is probably standing, secured debt they may not have settled yet and you might check to see if there is anylawsuits by the state workers comp division.

Good luck.... pay me later:))
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