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Microcap & Penny Stocks : LENP.T (LXPYF-OTC.BB) Best story ever?

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To: Dan Turner who wrote (49)8/13/1996 2:01:00 AM
From: Dan Turner   of 619
 
All: conflicting information about the closing price of LENP today. According to Compuserve it closed at Can$3.10/share (=US$2.29) on volume of 3,300. According to the Secapl site it closed at Can$2.20/share (=US$1.63) on volume of 3,000. At any rate no trades below Can$2.20. And, yes, I bought some more.

If the Compuserve information is correct, this would confirm how quickly such a thinly traded stock can move. Once the sellers dry up (and notice there aren't that many of them left), it's liable to take a much higher price to bring more shares out. I'll be surprised if it's ever available below US $1.60 again.

News: I don't know if I've posted this, but apparently Dann Deaver has been made vice president of operations. If I'm any judge of talent and character, that's VERY good news. (Deaver, as I believe I mentioned in one of my first posts, is one of the developers of ABS thermoplastic, which subsequently became a multi-billion dollar/year product.)

FWIW.

-DT
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