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Microcap & Penny Stocks : Environmental Remediation Hldg Corp. (ERHC)

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To: Andy who wrote (369)5/31/1998 12:07:00 AM
From: Keith Utz  Read Replies (1) of 671
 
Andy and Jeff, this stock broke below its trading range of 1.12 to 4.00 and is now a penney stock. Apparently they will not be able to digest all their projects due to lack of funding and at the risk of sounding negative why are there not more buyers if the future is so rosy. Insiders have family, friends, relatives, associates, ect..why are they not buying. OK..I agree the projects they have lined up are outstanding to say the least and by all logic the stock should be selling much higher based on future potential...but its not and thats what worrys me. Even traders that were buying at 1.12 and fliping at higher prices are avoiding the stock now. I hope that this is the mother of all bargins and will look back with regret that I did not buy more but I am more cautious that you guys are. My last purchase was 1.12 and will hold them for now.
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