agtp Message Board - Msg: 12924486

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Microcap & Penny Stocks : agtp

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To: Richard Mazzarella who wrote (1)	2/20/2000 12:43:00 PM
From: Philip Armstrong	Read Replies (1) of 11

Hi: I will take a look, but latley I have been watching SUGHP. This is Pathmark supermaket. They were to be bought out by AHOLD until the deal fell through. They were priced at over $40.00 before the deal fell through. Now they are trading just above $2.00 with little or no volume. These are prefered shares and Merril Lynch holds the majority of them. There is no other stock trading that I can find so far. There is a big note comming due in June and between now and then they will have to 1. rework the short term notes 2. be bought out or 3. sell some assets. Since the time frame for taking action is extremely short I have gambled a little, betting that they will pull it out. I will gambel that they will be bought before the notes come due. Being a contrairan at times I am going against the conventional wisdom but who is to say that their crystal ball is in any better focus than mine.

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