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Microcap & Penny Stocks : HouseHoldDirect.com (BYIT)-The Next SAMS/Walmart Ecommerce
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To: tinsoldier who wrote (2222)5/10/1999 3:34:00 PM
From: patchman  Read Replies (4) of 2994
 
I spoke with John Folger today and asked a series of very direct questions which he answered completely and to my satisfaction. There were private placements at .10, .25, and .46 done within the 504 framework. There are 7,664,000 shares now outstanding. When each placement was done, the stock price was within a few cents of the placement price. At the time, the company did not have other options for raising money. Tomorrow, there will be a press release concerning the new publicity firm. The web site is still on track give or take a few weeks for mid-June. Once the acquisitions are completed and the company is (hopefully)fully reporting, they will probably do an IPO to raise substantial capital. In my opinion, this is the event which will propel the stock price. Mr Folger stated that there was a least 1 seller depressing the price by hitting the bid consistently for the past few weeks.

The confidence that I had lost due to the touting of Jeff Hencken and the InvestRight crowd has been restored. What they are doing is an entirely different matter, casts a shadow on RDIM and is better left for the SEC Enforcement Division and Silicon Investor to handle.
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