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Microcap & Penny Stocks : QTNT

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To: jacksoo who wrote (511)9/4/1998 2:32:00 PM
From: Chris O'Keefe  Read Replies (1) of 789
 
<< An announcement introducing the company and detailing news of a 'financial' nature will be made, all things being well, on Tuesday. >>

Hmmm, based on the lack of price movement today, I'd say not too many people believe the news is going to be a knockout. Myself included. QTNT is going to have to prove itself.

I was in at .18, out at .17, but I keep this baby on my radar just in case I'm wrong in assessing it as "scam-like." My last experience of talking to the company was a little bizarre. It was as if they thought I was taping the conversation and was going to use it against them in a law suit.

It's fun to watch a stock at .15 that was once $3, and fantasize about it going back up to where it once was, but I don't know about this company. When I did a deja-news newsgroup search for QuickTent I got no sense that people actually buy and use this product. I have not personally seen a QuickTent for sale in a retail or sporting goods store.

One final thought: Sometimes when a stock drops heavily with no obvious reason, the company issues a statement to the stockholders giving their take on the situation. No such release from QuickTent. Hopefully, this company will turn itself around--but as of this writing, I'm skeptical about it.
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