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Microcap & Penny Stocks : RECEPTAGEN---RCEPF

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To: Lance who wrote (158)2/19/1997 3:50:00 PM
From: Bruce Hoyt   of 267
 
Nice upward strength today, hit $ 0.20C again. I think we have
consolidated well in the high teens and will start upward again soon.
Haven't seen any stockholder proxy info yet and am wondering if any
major stockholders will propose any alternative to the financing
plan.

I don't think those in at $0.90C will be seeing all their money back
in this lifetime if they do nothing but sit tight.The key is for them
to average down before it gets back over $0.30C. That's what I did,
bought at $ 0.70-.90C, sold out at about $ 0.65C, and bought back in
at average $ 0.11C, so I'm even again already.

Bruce
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