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Microcap & Penny Stocks : RECEPTAGEN---RCEPF

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To: topwright who wrote (95)12/12/1996 2:33:00 PM
From: crgreen   of 267
 
hi raleigh:

i just started looking at this company today.
called the 800# and talked to a young lady "in administration".
i asked what the meeting was for on monday and she said it was 'to
approve the potential financing of the company.
i asked if the financing was definately in place if approved and she said 'we don't know, you'll have to talk to joe'
i said i thought joe was laid off, she said he happens to be in today and we're all in on a voluntary basis. it seems that the layoff of 27 last week was basically the whole company.
so right now the company is effectively out of business and voting on
implementation of financing that may or may or may not be there.
nothing you all don't already know i guess.
at this price i want to gamble but my instinct tells me i'm betting on
dead horse. what do you think?

thanks in advance and happy investing
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