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Microcap & Penny Stocks : PDGE Waste Management 78% up in 2 days. Why ?????
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To: Dayuhan who wrote (89)7/10/1998 7:27:00 AM
From: Gator  Read Replies (1) of 132
 
When I talked to John Regan yesterday about the float, we started talking about how the stock seems to trade like it has a much smaller float (not to say that 3-4 million in the float is a lot). One thing that John Regan mentioned is that when PDGE came public they reverse-mergered into a shell company and did something like a 1:10 reverse split. So he said there a lot of shareholders from the old company that are holding on to 10, 20, 50 (used to be 100, 200, 500) shares that are just holding because with commissions it doesn't make sense to sell.

Gator
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