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Microcap & Penny Stocks : RECEPTAGEN---RCEPF

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To: Mark Jenkins who wrote (148)2/8/1997 8:10:00 PM
From: Bruce Hoyt   of 267
 
Anyone care to guess the price action on Monday? Although this deal clearly
includes substantial dilution, it also keeps the company alive and
capable of recovery. I would think that these new creditors/shareholders would
expect to see a valutaion at least three times greater than the deal they struck
in order to justify their risk so $0.30C to $0.45C is possible. Of course
investors may look at the volume of shares going at $0.10C-$0.14C and
send it back down there. Probably one or the other on Monday.

Anyone else have an opinion?

Bruce
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