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Microcap & Penny Stocks : Quest Net Corp. (OTCBB: QNET)

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To: Wayne Rumball who wrote (194)5/20/2000 1:32:00 AM
From: Carl R.  Read Replies (1) of 213
 
In answer to your question, I bookmarked the thread a year ago and on rare occasions when there is a post I drop in to see what has happened. Since I unfortunately didn't short it in the teens, I never traded it, so I don't really follow it. When they pulled that "unusual" maneuver last year of issuing a stock dividend without adjusting the stock price, and restricting the trading of the new shares (except for long time holders), I suspected that the future would be grim, especially once the stock dividend shares became unrestricted.

As for the fundamentals of the company itself, I have no idea if the company is healthy or sick, or what the future holds for them. I based my expectation of a falling stock price solely on the stock dividend transaction. I note that the stock has fallen much further than I would have expected, so I have no idea if the stock has fallen for the reasons that I expected, or for some other reason.

In any case, good luck. I am un-bookmarking this thread after posting,

Carl
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