IECS- NASDAQ $0.50 stock won prestigious OIL and Gas... Message Board

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Microcap & Penny Stocks : IECS- NASDAQ $0.50 stock won prestigious OIL and Gas...

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To: Bugsy who wrote (108)	1/9/1998 12:49:00 PM
From: Dan Shubin	Read Replies (1) of 747

To ALl: Just spoke with Jeff about sudden big drop at about 1200EST Fri--he spoke with MM and someone evidently sold out a big block at market which gave the MMs cause to lower the bid and ask temporarily (bid dropped to .20 from .30 for those who missed it). There was also a short period that showed 0-0 which was NOT a halt but just a slowup requiring refresh. (Speculation is that someone just had to dump something for cash and IECS was the block they chose). 1242EST the bid/ask was up to .24/.28 with a last trade of .26, vol.=163,000. Jeff reinterated that NEWS WAS COMING but that given his position he could not give the date without causing some upset with CEO and staff. Sounds very upbeat! dna

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