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Microcap & Penny Stocks : NCDR
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To: Q. who wrote (1400)3/17/2000 5:19:00 PM
From: Q.   of 1440
 
Did somebody say that they would buy shares for a quarter, to cover their short?

Looks to me like the new CEO bought shares much cheaper than that.

He got them for a mere ten cents:


In October and November 1999 and January 2000, the Company
issued an aggregate of 13,000,003 shares of the Company's common stock to
approximately nine persons in consideration for $1.3 million. Mr. Musolino, the
Company's president and chairman of the board, acquired 11,650,343 shares of
this total through two trusts for the benefit of his children.
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