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Microcap & Penny Stocks : Cetacean Industries, Inc.---(OTC Bulletin Board: CTAE)
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To: Riley G who wrote ()11/22/1997 1:32:00 PM
From: Riley G  Read Replies (1) of 106
 
At 12:30 PM 11/22/97 -0500, you wrote:
>OK RILEY - Are you taking a position in this and if so, how widespread a
>response are you getting for Monday morning buy-in on this. Will you assume
>a cartel-leadership position just as in RMIL? I hope so. It would be great
>if we all could hear from you by Sunday night as to how many are going to
>jump on this. One other set of questions - Have you established any
>chemistry with the CEO and if so, does the CEO give similair committment to
>not dilluting the float? And - Is the CEO firmly behind a short squeeze as a
>matter of conscience just as Morgan is?

I had spoken to him several months ago and he suspected that there was a
short position in the CTAE market. I also spoke briefly with him Friday
night, and I will speak with the CEO to again on Monday morning or afternoon.

I have started a count for shares in this one already.
++++++++Not verified+++++++++++++++++++++++++++++++++++++
Total O/S issued Called Received IRA
3,200,000 0 0 0

Locked up Shares 2,600,000 (Approx.)
Total public float 600,000 (Approx.)
Public Shares held 217,000 383,000
-----

Note that the O/S shares has not been verified and I will be trying to get
that number Monday Afternoon.

This one is a highly speculative play. I would not invest any money into it
that I was not afraid to lose!

Riley G
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