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Microcap & Penny Stocks : Level Best Golf (LBGF)
LBGF 0.00010000.0%Jan 14 3:00 PM EST
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To: Joe Thaman who wrote (232)7/1/1998 6:07:00 AM
From: american dreamer  Read Replies (2) of 345
 
I may be able to add a little to the discussion. Level Best as a Golf company died. I understand the BK was completed so it should be an empty shell. I have no infomation on proposed reverse acquisitions but it is reasonable to assume something will be done in time. I like to think as a rule of thumb that the original shares in a reverse acquisition should end up being worth approximately $300,000 to $500,000. Obviously this is only a rule of thumb I use and it could be more or less. If this holds true, LBGF shares could be worth between $.06 and $.10 when and if something good happens to it. I have seen them be worth an awful lot more and I have seen shells never emerge. That is the risk. My guess based upon the recent hype that the shell is either in less than ethical hands or someone just hyped the stock to liquidate his position. Hopefully there are capable persons attempting to do something good with the stock and that this recent episode was just an aside. Good luck
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