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Microcap & Penny Stocks : Greenland Corp. (GLCP)

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To: hoffy who wrote (611)5/3/1998 9:48:00 AM
From: James Mitchell  Read Replies (2) of 2278
 
TO ALL:

I think Alan has raised an excellent and troubling point. Up until now I have been pretty enthusiastic, but the reality of this post troubles me. I think it goes without saying that somebody in the Greenland ranks follows this thread. That being the case, why would they sell at this level unless they had reason to believe the stock would tank (negative news?) The majority of posts on this stock would lead anybody, including management, to believe this stock has $1 potential. Heck, it mays still go to $1 on unfounded exuberance. But one does have to worry about management's motives if this rush stock issue/sale is true. In support of exuberance, the information posted regarding the trial in Utah supports the reality of this company and its potential. Perhaps the management saw this as a rock solid opportunity to make a profit, avoiding the potential future fluctuations of the stock. Perhaps. But the LaJolla connection is a little hard to ignore.
I'm trying to proceed with an open mind. This crazy seesaw is what the BB is all about. Appreciate constructive replies, not flames.
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