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Microcap & Penny Stocks : RNTK and FAMH, both companies lost the war!

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To: pressboxjr who wrote (64)2/20/1998 11:46:00 PM
From: Joey Two-Cents  Read Replies (1) of 110
 
***TGSK*** is another CAGI. It became listed this past January @ 2 1/2 and drifted down to a low of $ .50, currently $ 1.00.

They made $.05 this Q and $ .29 for the year announced 2/17/98. 5.9 M shares outstanding and $ 15M in revenues.

Their only problem is they have only one Market Maker and just hired IR firm this past week. Don't take my word for it, do your own DD.

I once owned RNTK but sold last year when the S3 (floorless convertible) was issued. Read the CMYN thread to see what a floorless convertible can do to the price of a stock ($ 8 to 1/8th in 1 month).

As for FAMH I own a little of that but have sold 2/3 rds because of the delays in earning announcements. Prediction, if Ira doesn't release positive or any FAMH earnings on 3/1/98 (Sunday?????) this stock will drop to the low teens that Monday.
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