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Microcap & Penny Stocks : Greenland Corp. (GLCP)

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To: Chris O'Keefe who wrote (609)5/3/1998 11:21:00 AM
From: BarbaraT  Read Replies (1) of 2278
 
I hate to admit it ... but I have DMEC (bought on a Top Dog recommendation, that was pulled ) and INVI ... bought that in 1993 or 94 and 12 1/2 and you can forget this one!!! Dan Dorfman came on CNBC and panned this one so badly (I was out of town at the time) that when I came back, the stock had dropped from 14 (I was ahead of the game at that time) to 7. I held on believing it would come back. As it now stands, I have a fortune invested in a worthless stock and am hoping to make significant gains this year in other stocks so I can take this one as a writoff. I bought 3500 shares as well as warrants, now worthless. Now I am lucky if I can afford to buy 3500 shares of a $1 stock -- reversals of fortune, and all that.
Never put too much hope in any company. INVI was $12 1/2; and I was novice enough to think that the price itself removed it from the "speculation" category. I had even researched the company but had obviously not done the right kind of research.
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