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Microcap & Penny Stocks : TNRG Tianrong Building Materials
TNRG 0.0002000.0%Nov 14 9:30 AM EST

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To: Shawn Donahue who wrote (3245)9/9/1998 4:34:00 PM
From: Loren S.  Read Replies (1) of 9824
 
I was actually relieved to see 47 million because I was fearing much worse. Buying pennies for many years I have seen dillution by the millions and millions without any one knowing about it. To go from 40 to 47 in several months is not all that painful. I also agree with Isoman that TNRG has accumulated a lot of holdings with what I consider to be reasonable dillution, especially if he is able to cancel more shares as he has promised. I'll be real honest in saying I fear dillution at these stock levels. If he needs to raise more cash and has to do it at $.03, we will see huge dillution in shares to raise any significant dollars. I hope in heck Tilton is looking out for us. If he is he will be coming out with some juicy press releases to bring the stock back up to higher levels where dillution will not be as much of a risk as it is now.
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