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Microcap & Penny Stocks : Classic Golf Corporation (CSGC)

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To: lostmymoney who wrote (784)11/30/1998 9:33:00 PM
From: REDDY  Read Replies (1) of 904
 
When you begin to think that this stock cannot sink any more start looking for a bid of .01 or lower!

The good news here (for the optimist) is that there is some life since contracts are still pending.....“Marquee Cambridge will contract six major championship winners from the PGA Tour and six playing partners also from the Tour, to compete as two man teams in the New York Classic Series event in September 1999.”

The risk as usual is that......“Important factors, such as demand for products, manufacturing costs and competition could cause actual results to differ materially from the company's expectations.“ ...could deep six the whole thing and chapter 11 will become the reality.

However..reality may lie somewhere in between! A gamble anyway you look at it right now. Personally I plan to hold and ante up what I can afford to LOOSE, accumulate at .02 or lower and to ride this out through September 1999. My initial investment is a bust anyway!

Holding and drawing 4 cards please....JMHO

reddy


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