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Microcap & Penny Stocks : IELSF-Flight to Fortune Or?
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To: Intrepid1 who wrote (303)7/23/1998 8:54:00 AM
From: Zeev Hed  Read Replies (1) of 520
 
purething, I have not observed the specific trading you mentioned. However, if indeed there are big blocks overhanging the market, and I see no reason there should not be, after all, we know of at least 2 MM shares registered and the possibility that BE/A block might become available if they were not paid their dues. There is also a possibility that additional money was raised already as part of the $8 MM management mentioned that they will raise, and this money could be in the form of discounted securities which are being sold at the discount profit only. In any even, what you want to look for is a sizeable size bid indicating a bottom forming, have you seen anything like that?

Zeev
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