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Microcap & Penny Stocks : RECEPTAGEN---RCEPF

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To: Andre Koluksuz who wrote (260)12/18/1997 7:36:00 PM
From: Joseph S. Baba  Read Replies (1) of 267
 
Andre,

Sorry for not getting back to you earlier today. I was inundated with work after being out of the office the past 3 days. I will get to you a.s.a.p.

The stock has been under pressure primarily from a single source of selling, that being a large shareholder who we are in touch with that has a margin call. He is being forced to liquidate about 900,000 shares; he is more than half done with his selling and will probably be out of the market on Friday or Monday. Hopefully, the reduction of his selling pressure will allow the share price to lift.

Joe
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