Magnesium Technologies Inc. - MGTK Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Magnesium Technologies Inc. - MGTK

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gus the Dog who wrote ()	5/9/1999 10:31:00 PM
From: Yanni Hufnagel	of 53

GREAT UPDATE FROM PENNYSTOCKS4U.COM! Hold on tight- we are going for a ride! MGTK moved to $0.75 on Friday with trades as high as $1.18 on strong volume of 111,400. Most of the trades were around $1 which is $0.05 pre-split. We would like to remind our subscribers that we chose MGTK when it was trading at $0.021 or $0.42 split adjusted. Mr. Bailey has informed us that he is has been in contact with and is beginning to receive funds from larger investors interested in Private Placements. Mr. Bailey has also been speaking with many brokers beginning to promote the stock. Magnesium Technologies has almost completed moving into their new facilities and is working on promotional materials which will be mailed to Bicycle shops around the country as well as registered investors. We are expecting about $250,000 in Private Placements will be announced in a Press Release this week. We expect the Private Placements will result in Rule-144 restricted, common stock resulting in minimal dilution. The Private Placement shares will be restricted for about 1 year after which they can be sold with a maximum volume of 1% of the total outstanding shares per quarter. These larger investors believe that MGTK will provide an excellent return on their money. The Private Placements will provide financing for Magnesium Technologies enabling the company to expand quickly and easily. We believe that the Private Placement will be a very strong positive for MGTK. We remain very bullish on MGTK and expect a 3 month price target of $7. If the wheelchair and additional products are executed properly we expect that MGTK could be worth an incredible amount of money as the market is enormous. Mr. Bailey has also begun promoting MGTK with many stock brokers and professional investors. We believe that the combination of this promotion and the purchase of common stock by those involved with the Private Placements is responsible for the increased volume Friday. We expect that the increased exposure due to the movement on Friday and the continuing stock promotion by Mr. Bailey will cause a large price increase over the next week. Mr. Bailey has also informed us that an E-Commerce website will be up and running in the next 2 months or so; adding E-Commerce to any company is usually a strong positive. We hope to have news of an 'online chat' with representatives of MGTK soon… as always, we will keep our subscribers up-to-date. -The Staff of PennyStocks4u.com -Yanni (Long on MGTK 11,200 shares)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next