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Non-Tech : The Children's Beverage Group (TCBG)
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To: AC Flyer who wrote (2391)3/26/1999 8:09:00 PM
From: Dave Shoe  Read Replies (1) of 2452
 
>>>Start-up funding consisted of "payments" received from
>>>the same "small, independent brokerage firm" that, through
>>>its "telesales operation" was responsible for briefly
>>>running the stock up to 8 selling to individual investors.

I was under the impression that the $8.00 share price was arrived at when TCBG took over the shell corporation, and the shareholders of the old 8/10 cent stock agreed to a 1000:1 reverse split. I'm not too smart in this arena, but it sounded more comforting and logical than the telesales/boilerroom rumors.

Shoe.
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