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Microcap & Penny Stocks : Genesis Media Group, Inc (GNNX)
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To: LT who wrote (2072)8/13/1998 1:25:00 AM
From: Russel W. Kennel  Read Replies (1) of 3129
 
See my post #1649. Looks like it dropped neatly into the "below-the-gap" pocket, and is now beginning to pick up some volume. (Just like the "last" time)

Still hard to tell where the bottom will be. There are three times as many shares out which means that value of each share is 1/3 as much as the last time it was at $.25 to $.50. So the comparable share value with triple the shares is $1.50. Therefore this stock would have to drop to around $.10 or $.15 to be approximately comparable to its pre-dilution days. I would hope that it won't go down that much if the company has anything on the ball going for it.

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