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Microcap & Penny Stocks : Metalclad Corp. (MTLC)
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To: GREATMOOD who wrote (55)4/24/1999 3:40:00 PM
From: John Fairbanks   of 87
 
People on the Yahoo thread are discussing rumors that MTLC is about to perform a reverse merger with an internet company. Although like everything on Yahoo it needs to be taken with a gigantic grain of salt, it certainly matches the trading signatures we've been seeing the last couple of days... bag the Elephant! :-)

For an example of what can happen in these kinds of situations, look at PWEB... it was formed through a reverse merger with a defunct asphalt company (AHAS) which stopped trading at 0.50 right before the announcement. When trading resumed, it was at $20, and quickly settled in the a range around $10 where it has been pretty stable now for several months. Hopefully this is what we are seeing here, wich would mean a good 10 bagger anyway. Personally I've never seen much better than a double and I'd love to change that... ;-)
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