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Microcap & Penny Stocks : Greenland Corp. (GLCP)
GLCP 1.0000.0%Jan 23 9:30 AM EST

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To: Boob who wrote (69)5/18/1998 11:46:00 PM
From: IRVINESULLY  Read Replies (2) of 2278
 
Evening everyone....

Boy is this stock tumbling or what....Talk about a reverse split is killing it further....To rehash a fairly recent post of only about 3 weeks ago....

"They are going to FCC tomorrow to get approval of their system and then the contracts will come in fast. They have several contracts on the table, some are finalized (assuming FCC approval goes through) and some are near fialized...total potential business from contracts on the table totals $300 MILLION...FCC approval takes about a week so next week should be nuts!! He said contracts (news releases) will flow on a weekly basis once FCC approval comes in. People have become
impatient with this stock thinking they'd never get it up and running. Well now they have and setup is a week away......"..."Already 100,000 metres of service finalized representing over $70/metre or $7
million plus the contracts on the table from all over USA and Brazil."......

Something isn't right here. Why would a company with 7 mil. in contracts already, and 300 mil. in contracts on the table already want to do a reverse split???? With that much business, there isn't a whole lot of stock...How many small companies can boast sales of over 300 mil...And why is heaven sake would they even need to do a reverse???? Something definitely is not right here???? Any thoughts to this or comments??
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