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Microcap & Penny Stocks : Classic Golf Corporation (CSGC)
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To: Alex Sharp who wrote (33)3/12/1998 1:40:00 AM
From: Larry Brubaker  Read Replies (1) of 904
 
You keep asking what is wrong with the price? IMO, there is nothing wrong with the price. In fact, I think the price action is quite healthy given that the company still has yet to announce much in the way of sponsors. When it was at 60 cents, I said this is not a $2 stock and I still believe that to be the case.

Now if they were to announce Arnie and Lee and a few more substantial sponsors, I think we could sustain a significantly higher price, but even then, I think it would be way overvalued at $2. I see this as potentially a $2 stock AFTER they have managed to pull of at least 2 tournaments, and they have demonstrated they can run these tournaments at enough of a profit to warrant a $2 price.

But as of now, I think .34 is a pretty fair price for the stock.
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