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Microcap & Penny Stocks : Ames Department Stores (AMES)
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To: Dan Duchardt who wrote (1904)8/30/2001 8:36:23 AM
From: Richard Mazzarella   of 1911
 
Dan, IMO expect AMESQ to trade in the $0.05-0.07 range. Daytraders will use it only for "paper" daytrading. The value to current shareholders will be almost zero. There will be a huge reverse split, reissue of stock for funding, and then the game begins again. There is a very remote possibility that someone could buyout AMES with current shareholders getting somewhere between $0.50 - $1.00, but shareholder value is not in Ames culture, don't expect it. Any white knights will let Ames wiggle for quite a while before making offers.
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