All American Food Group(AAFG) Message Board

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Non-Tech : All American Food Group(AAFG)

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To: JCinTC who wrote (114)	6/23/1998 9:12:00 AM
From: John Fairbanks	of 618

Ok thanks. It wasn't making sense. When Yahoo said 500,000 in the float and I knew that over 800,000 had been issued due to a reg S conversion on May 8th it wasn't making sense. If the 1 for 10 occurred in Feb, that means the conversion occurred afterward, accounting for about 1.5MM. Looks to me like they converted when the price was around .70 and they got a 30% discount from market. I wonder if this is why the stock tanked so hard the last month... and I wonder if there is some break even point below which they will not resume selling... or maybe they are waiting for the stock to go up on the merger. At any rate, the numbers suck, but the trading looks good. Maybe the company can pull it off and get profitable... I guess we'll see.

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