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Technology Stocks : SFLK

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To: StockDung who wrote (1014)3/15/1999 1:11:00 AM
From: StockDung  Read Replies (1) of 1591
 
Silicon Valley New Issues Inc Certificate # 2239 644,185 free trading shares. Issued 11/18/98. The volume at the time in SFLK was only 1000 to 2000 shares a day at this time. They did not buy it in the open market. Maybe someone could call the IR guy and explain how it was possible after the 504 offering these shares were issued? They are also free trading. I had provided Eric with proof at least 100,000 shares of SFLK have been sold by Silicon Valley New Issues inc. Since these shares were done in a private placement, I can assume Silicon Valley New Issues inc. paid very little for those 644,185 shares. I have faxed Eric the whole shareholder list. For those who have forgot James Ray is pres/treas/sec of Silicon Valley New Issues Inc. Michael Berg is PRES/TREA/SEC of corporate planners inc, the transfer agent for softlink. Jenell Ray, James Ray, and Michael Berg were owners of the shell before it became SFLK.I also question why there are 5,403,972 SFLK shares outstanding. James Ray also had 3820 shares Cert #2238 and 1200 shares cert #2215 issued on 11/18/98 in his personal name. SFLK has a market cap of $21,950,934.

sflk vol. and stock prices.
10/22/98 1,000 4 1/2 4 1/2 4 1/2
10/28/98 1,700 4 3/4 4 5/8 4 3/4
11/05/98 500 4 3/4 4 3/4 4 3/4
11/11/98 1,000 4 1/2 4 1/2 4 1/2
11/16/98 200 4 1/2 4 1/2 4 1/2
11/20/98 9,700 5 1/2 3 1/2 5 1/2
11/23/98 2,500 5 1/2 5 1/2 5 1/2
11/24/98 1,200 4 1/2 4 3/8 4 3/8
11/25/98 7,000 4 4 4
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