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Microcap & Penny Stocks : MSEL
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To: Arthur Tang who wrote (1174)7/7/2001 7:22:50 AM
From: Arthur Tang  Read Replies (1) of 1200
 
MSEL filed SEC 8k to announce their authorized $1 million(less than 500,000 shares) to buy back stock currently outstanding(about 8 million shares), privately or otherwise. Is that a way out for Stonnington or Tim Jensen himself?

It seems that strong sell sentiment may induce market makers to encourage company to support their own stock with a buy back plan. If Optisel is sold, the company will have all cash and not much liabilities. MSEL will be in a strong position to invest in some defunct internet broadband systems(not internet business). The question is will they have more customers beyond Sunnex, who has a good relationship with Steffensen(having bought some good MSEL subsidiary in the past)?

All this and more, to be told next time?
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