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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU)
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To: Thor Carlsen who wrote (2338)1/10/1999 7:17:00 PM
From: Richard Mazzarella  Read Replies (1) of 5143
 
Thor, the PP was for $0.50/share and the original PP could have been sold since April 1998 with filing. The original PP becomes free trading April 1999. I doubt that those investors that have waited this long will sell into current progress. A case for metal in the ground could be made for MGAU at $50+ so selling doesn't make much sense. The more due dilly that the market can accept, the higher the price. The warrants are for $2. This is the only dirt where they have a business model that can fund property development through internal operations, all the others depend on stock dilution and special gifts from God.
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