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Microcap & Penny Stocks : IGNE Igene Biotechnology
IGNE 0.000010000.0%Mar 6 3:00 PM EST

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To: Vegas who wrote (14)5/13/1998 10:30:00 PM
From: TARIQ STOCKS  Read Replies (1) of 209
 
Vegas, thanks for the details, very interesting. When I called this mouring and was very specific about the Notes (or units) and what they mean to the outstanding shares. I was told it is totally separate and it is treated as a debt. She also mentioned that something has changed recently to separate the notes from the shares. It was hard to get any details out of her, and probably I did not ask the right questions. Therefore, if you Vegas or any body else could call and may be ask the right question we might get to the bottom of this. Their phone number is on the yahoo profile.

A positive outlook is that a lot of insiders and investors were willing to buy notes or shares up $5M dollars, and the price of the stock at the time was 10 cents or even under 10 cents. There is some basis behind all this buying and I hope Fridays report will show us the goods.

Thanks again for the information, and I am sorry you had to get in at such a relatively high price.
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