CHRONICLE COMM. (CRNC)GREAT NEW CO. - ONLY 900K FLOAT& Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : CHRONICLE COMM. (CRNC)GREAT NEW CO. - ONLY 900K FLOAT&

CRNC 8.370

-1.9%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Retaylor who wrote ()	10/22/1998 2:22:00 PM
From: DuGen	Read Replies (1) of 694

Very impressive stuff for a brand new company. But I've got 2 concerns here, maybe someone can help. 1) It says in the header here, 900k float, 2.7 mil shares, and 90% owned by insiders. That would put the float at 1/3 of the shares and none of this totals 90%. 2) Less than a week ago this was a 9 cent stock. Now it's .53 and bouncing all over the place. This could be very good or very bad. A 900k float is very small (good & bad) and average volume is under 10k, a couple of days ago it was under 4k, so it's growing. BUT... this could make a quick exit near impossible. They're in Georgia and sounds like they are branching out into Florida. Wasn't aware of this. Will have to do a little more snooping. And using recycled products is a profitable move, cutting expenses, increasing margins, etc. I'll be back. DuGen

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next