IDCN - gold, garnet, etc. Message Board

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Microcap & Penny Stocks : IDCN - gold, garnet, etc.

IDCN 0.00001000

0.0%

Mar 6 3:00 PM EST

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To: BigTex who wrote (1757)	8/26/1998 5:50:00 PM
From: Gordon Gekko	Read Replies (1) of 5908

The float has nothing to do with the lack of price movement. We have a CASH buyout offer for 37.5 cents. The offer was made public and it was agreed to by the board of directors. This thing should be trading at roughly 35 cents. Even without shareholder approval the stock should be trading higher. The investment community knows .375 is on the table and that fact alone should have moved the stock. Have you ever seen a stock not move after a cash offer is made which is higher than the current stock price? I have not. In addition, it doesn't matter if the buyout is real or not. The thing should have moved. The only acceptable answer is that the MMs are manipulating the thing. I really wish we could have some brokers look into this. Do any of you have a broker that could dive into this matter? GG

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