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Microcap & Penny Stocks : Toups Technology Licensing, Inc (TOUP)

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To: Aquaman who wrote (40)8/15/1998 2:05:00 PM
From: Aquaman  Read Replies (1) of 317
 
ref.www.sec.gov page 20

"Between November 1, l997 and May 4, l998, the Company sold 1,608,218 Shares of its..common stock.. prices ranging from $0.62 - $0.67 per common share ...for $978,400 to 9 accredited investors and 28 unaccredited investors."

Most of common shares issued to date are "restricted" shares. Good move on the part of mgt.

Conclusion: The volume is low because the bid is not what the unrestricted share holders belive the value to be. EK
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