CECN Message Board - Msg: 404752

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Microcap & Penny Stocks : CECN

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To: Marc Dedeaux who wrote (307)	10/31/1996 11:12:00 AM
From: Doo	of 1030

I hate to interrupt the party, but did anyone pick this item up in the Stockman forum? Leroy, Kostech Small Cap Research and the Futuresuperstock are pulling out all stops in a promotional effort on CECN, a Bulletin Board stock which has been previously written up in this forum. Extreme caution is advised! The thrust of the promotion is CEC's claim that it has 50 plus million tons of coal on 9000 acres in Grundy County Tennessee and that it is valued between 150 and 550 million dollars. An alleged sale is imminent and share prices are projected to reach the $6-$7 range in the short term. According to Grundy County officials, however, coal mining virtually ceased in that area around the turn of the century and there is no significant coal left. Officials also firmly state that Basia Holdings, the CEC subsidiary that allegedly owns the coal property, owns no identifiable property in Grundy County.

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