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Microcap & Penny Stocks : NEOTHERAPEUTICS (NEOT) (NEOTW)
NEOT 1.919+4.3%Jan 17 4:00 PM EST

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To: john jansen who wrote (606)12/20/1998 3:33:00 PM
From: Marty  Read Replies (1) of 705
 
I got the same thing from my broker for each of the accounts I own NEOTW. It seemed nuts for anyone to sell at less than half than what they could get in the open market. I contacted the company to see if there was anything else to it but they have the same view of it as I do. They can't see why anyone would accept the offer. It seems that companies like Summit Ventures makes these offers and they just make the profit off anyone who is dumb enough to take them up on it. It is like trying to buy five dollar bills for a dollar each.

You would think that the brokers would do their clients a service and let them know they were getting a bogus offer to sell below the market.

I think it is a quiet time to accumulate shares and warrants. Maybe Summit Venture Partners thinks they can pick up some warrants really cheap before any news of the phase 2 results comes out.
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