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Microcap & Penny Stocks : bgix (biologix international )

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To: SteelerStu who wrote (365)4/14/1999 10:57:00 PM
From: kent barkouras  Read Replies (3) of 498
 
Yeah, right. Try to get a hold of someone at BGIX's offices. Their home office is an executive suite in SF. They issued stock, not cash, to pay the web site design company. Back in December they were willing to issue restricted shares for $.10 to pay their phone bill. They also were not able to get any investment firm to take them seriously. In fact, they came out with a press release to get the stock to $.40, and then sold 80,000 shares. One other comment, why do they have to bring in an old dinosaur company like biologix to introduce an internet web site that has nothing to do with biologix? Because they needed some avenue, a publicly traded company, to get uninformed investors to take the risk in making their dream come true. They could not go out and find an informed venture capital group to help them! Wow, I wonder why?? I just dont want anyone to get burned by these self interested faux's.

By the way, Steeler Stu, I think that you might remember what happened at INFE. They took a stock from .17 to $5.50 in one week and let it die back to $.37 I sense the same thing is happening here. At least INFE has revenue and offices. BGIX has neither!!
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