Biosafe International, Inc [BSFE] Message Board

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Microcap & Penny Stocks : Biosafe International, Inc [BSFE]

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To: DCBEN who wrote (10)	8/13/1996 1:42:00 AM
From: Audun Narvestad	of 280

Hi, Allan I've read the press release. Biosafe is now allowed to operate at the full 400 T/day. The problem is that they have to build a new cell first. I don't know why the stock didn't move. We bought about 150.000 shares in the first trading hours (and we were definitely not alone). And the stock just didn't move at all. Apparently there was a big seller. We got two blocks of 50.000 shares. Over 650.000 of the total 1m volume was in blocks larger than 10.000 shares. One explanation may be that the market makers are so filled up with stocks that they just want to reduce their position whenever there's a chance. Still, this is a major break-through for the company, and I think that long-term this stock should really move into the double-digits. Keep in touch Audun

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