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Microcap & Penny Stocks : SNOW-Sled dogs
SNOW 223.88+0.9%Dec 26 9:30 AM EST

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To: David Chin who wrote ()2/20/1999 2:18:00 PM
From: David Peters  Read Replies (1) of 641
 
SNOW will go. Here is the skinny on this company. They are completely out of the manufacturing business.... for now. They plan to become an Internet distributor of all extreme sporting goods and to have a very flashy line of clothing and accessories. The company has some announcements planned in the near future related to their banking arrangements, a new company name (much more Generation X than the current name), some recently signed deals with suppliers, a new website under development that is moving ahead rapidly (and will be at a different web location), recent bridge funding and 504K offerings that are getting consumed as quick as they become available and much more. There are some key players getting on board very quickly. The company has a strong cash position right now. The float on this stock is very small (much less than 1M shares) now that it had a 54:1 reverse split last year. The 504K offering will put some additional shares in the market in the next 3 months. $74/share could happen...but probably not this year. But don't be in a rush to dump the DOG.
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