MegaWorld Inc. (MEGW) Message Board

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Microcap & Penny Stocks : MegaWorld Inc. (MEGW)

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To: David Barry who wrote (333)	3/19/1998 8:11:00 AM
From: Robert DeHaven	Read Replies (2) of 1058

There is no reason to take the stock down any further.....plus I don't think the Market Makers have much stock. (No ammo) The price now is lower than it was pre-split. I am bidding 2 11/16 for any and all shares the market wants to give me at that price ...I may even raise my bid.....At 2.6875 pre-split that's .22....Far below what the stock was trading at just a few weeks ago. The company now has about 2.1 mill outstanding shares and a market cap of $5.6 mill.....I think its 50% under its actual asset value. I agree the company has done ZERO to promote their company or stock....they are in desperate need of some PR and IR. But, this actually gives me some degree of confidence that what they are developing is actually worth far more than today's current price... and they know it. Remember the insiders control 75% of the stock...do you think they are selling out? No trades also equal no sellers...good sign. Further, when is a good time to buy a stock? when its being promoted and is rising or when all is quiet? I like this company and it will be interesting once the promo does start. good luck, bob

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