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Microcap & Penny Stocks : OMNIGENE DIAGNOSTICS (OMGD)

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To: Michael Brey who wrote (109)3/11/1997 12:44:00 AM
From: mojave   of 119
 
Michael,
OMGD is trading on what is known as a workout market. It is traded very lightly and has seen action only on a few days since the crash last November. The last I looked it was offered at .25/share. Unfortunately I have some of their stock. I made some money on them and got out and then got back in just before the crash to try to get in on that 4 to 1 split..Bad move I know and I have been kicking myself ever since. I recently got a newsclip from them and it said that the SEC suspension of their stock on the Bulletin Board was continuing because of the fact that this was the first time the SEC has suspended a stock due to fallout from the internet. So they say they are hard at work selling their DNA probes for gum diesease.It certainly is hard to even be remotely optimistic with this one. Who knows maybe they were just screwed by a disgrunteled employee just like they claim.
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