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Non-Tech : All American Food Group(AAFG)
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To: WEBNATURAL who wrote (306)8/26/1998 8:17:00 PM
From: Loren S.  Read Replies (2) of 618
 
On the Yahoo site someone posted that AAFG has 20 million shares issued. With 1 million shares trading hands every other day I seriously doubt that we have 2.9 million shares outstanding any longer. My guess is that we have in fact been manipulated. AAFG put out the press releases to prop up the price while they diluted shares. That is only my guess. But I don't know how else you can explain the huge number of shares trading hands every day. While this is not the end of the world for AAFG, I think the current price is reflecting current realities. 20 million shares out is not an incredible number. But if they can't get there act together once they are all the way dilluted, their only recourse may be to reverse split again and dillute again. That's how pennies survive oftentimes. On the other hand if sales grow, if their business is as good as the last two press releases imply and they can get themselves in the black, the stock will rise, 2 million or 20 million outstanding. Still if I'm right, I don't like the underhanded way they are going about diluting. Once again shareholders get screwed. Those getting in at $.05 to $.07 may make out okay. Those that got in at higher prices, may never get their money back.
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