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Microcap & Penny Stocks : Low Float Longs

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To: Clase Azul who wrote (322)	6/30/1998 6:33:00 AM
From: american dreamer	of 711

Notice should be taken of BioNet Technologies (PWLS). Total outstanding 5 Million. Public Float 1 Million and their first Financial PR campaign about to begin. They have just announced their second acquisition and seem poised to take off. After a year and a half spent on reorganizing the company with trading in the $.20 to $.50 range they are back on track as a multidivisional biotech company with a focus on consolidation. Trading history suggests strong volatility on limited volume. BioNet itself is run by a seasoned veteran with NYSE CEO experience and both acquisitions are loaded with credible individuals. I suggest you take the time to check this one out. Their first acquisition, Immune Technologies has proprietary products resulting from "immune modulation technology" with a focus on the veterinary side of the business. The veterinary focus is to achieve early cash flow. I applaud this move. The newest candidate "The Greengold Corporation" is headed up by "the worlds formost authority on duckweed production" and has patented technology which will, according to the company, have a huge impact on the animal waste problem globally as well as producing healthy cashflow in the process. I made a few calls and this one seems loaded with potential. I understand BioNet is working on implementing a financial PR program for the first time in its history as well. Sounds like the perfect opportunity to me. We should see some significant short term gains as the investing public discovers this baby conglomerate with good long term prospects as well as the company continues to build its stable of acquisitions. I see this as a steal under $1 and a value to $2 once the second acquisition closes. Enjoy the short term pop because it is coming but don't ignore the long term growth. Liquidate to recover principal then sit back and enjoy the ride.

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