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Microcap & Penny Stocks : NETZ - gets deal with DEC! future 100 bagger?

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To: Thu Ra Tin who wrote (260)11/20/1997 11:30:00 AM
From: Clayleas  Read Replies (2) of 1702
 
From today's press release:
<NETZ also expects to seek a full listing on either the American Stock Exchange or NASDAQ National Listing.>

Statements like this worry me. There are requirements that must be met before they can be listed on any exchange. How about issuing some financial documents before talking about exchange listing.

Also worrisome is that the stock trades at a volume greater than the public float for two consecutive days (yes, I realize the volume is double counted), and the price only goes to $0.50. Does it seem likely to anyone other than me that someone is shorting big time against those 3MM restricted shares? If I'm off base here, let me know.

Jim
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