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Microcap & Penny Stocks : LASERPACIFIC (lpac)

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To: WTSherman who wrote (392)11/15/2000 9:13:14 PM
From: NAG1  Read Replies (1) of 542
 
While a sweetened offer would be nice, the market isn't even considering the old offer that was on the table. If people thought it would be a serious offer, we would have gotten close to 4 dollars a share instead of languishing below 2 dollars a share. My guess is that most of the weak hands have been shaken out and any spurt of buying causes a significant appreciation in price because most people aren't willing to part with their shares at this price. Earnings and revenues weren't that bad to have the price languish here for too long and I think that if we stay here long, someone will be looking to buy us out. JMO though. Good luck.

Neal
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