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Strategies & Market Trends : DAYTRADING FOR DOLLARS

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To: Peder E. Angvall who wrote (581)3/19/1999 4:04:00 AM
From: Richard Francis  Read Replies (1) of 639
 
Anybody see what this one did today?

Small float....keep an eye on it tomorrow, great company

MMCI Last Trade $1 1/2

Change +1 19/64 (+650.00%)

Multimedia Concepts International INC. (OTCBB:MMCI)
1410 Broadway New York NY 10018
Holding company with subsidiaries that design and manufacture clothes
(children, men and women clothes)

President: Ilan Arbel

Outstanding Shares: 3,005,000

Float: much less than 1 Mil (exact number will be known tomorrow)
Major Shareholders: American Telecom PLC

Their sales multiplied 8 times from Mar-94 till Mar-98

Major news early next week (rumors it could be internet outlet)
waiting for a call back from the company, tomorrow morning,
for some solid info about float and any info about the news.

MMCI ownership in PLCO alone should be worth about $1.50 or per share alone
(PLCO about $10 mil market cap and MMCI owns around 50%)
$5 mil/ $3 mil oustanding shares in MMCI ~
$1.67 per share value of their PLCO investment
(at current prices).
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