EXTI - only public co. developing liver device Message Board

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Microcap & Penny Stocks : EXTI - only public co. developing liver device

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To: ilh1 who wrote (75)	11/5/1997 2:28:00 PM
From: Danny Kim	Read Replies (1) of 1063

>>>>>When are we expecting to see news release from the company? I heard their should be news soon, is that accurate?<<<< My theory is that there will always be people trading based upon inside info...there is no way for a company, particularly small one, to keep news from leaking out. I guess one way to tell if price rise is based upon fundamentals rather than MM manipulation, with or without news, is to see if it is susbtainable. We are only in the second day of sudden movement, and it is holding up pretty well IMHO. So my guess is people heard some good info w/ the co. and are jumping in way ahead of any public release. If we see the price supported at current levels for awhile, without any news in the near future then I think this is a good sign, and will be less volatile once news is released. I think MM are taking advantage of the volume and mainiuplating the prices today, however. Look at the incredible wide spread, at one point .07 to .1, given relatviely large volume; also, 1.8m shars traded today (w/ outstanding of 30M and look at the huge volatility. My guess is the MM are trying to make up for past quiet and unprofitable periods. Good luck to ALL

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