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Microcap & Penny Stocks : A Wall Street West Newswire Discussion Board
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To: Andrew28 who wrote (189)8/7/1998 5:32:00 PM
From: JC Reddy   of 456
 
Andrew 28. I will not argue with you here because the next few weeks will tell the real story of KANA. If KANA is there to do business or to cheat us investors. I tend to believe the former than the latter. You seem to believe the latter. If my belief is right, the stock is very cheap. Otherwise, as you said, it is a wallpaper.

From what the company has said about outstanding shares (8 million after 504 placement), it doesn't appear that the 504 placement was the sole reason for the price drop. I think there is more to it. And I don't think the company can lie outright about its outstanding shares because of legal liabilities.

One reason for the fall is that the company is not doing anything to regain investor's confidence. It's probably not their priority right now since they raised the capital they needed. I only hope the company is working hard as they said they are. There is no proof of it since there hasn't been any updates. They keep assuring us that there is going to be news releases which never appeared. I am willing to give them the time they need.

Once they gain investors' confidence, I think the stock will raise quite fast to many times what it is trading at now. If you have that faith, invest now at cheap prices. Otherwise, hold on until we find the truth.

- JC
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