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Microcap & Penny Stocks : Toups Technology Licensing, Inc (TOUP)

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To: BuckiFan who wrote (214)5/27/1999 10:44:00 AM
From: GlenRP  Read Replies (1) of 317
 
IMO this stock will fall as oppossed to rise. At least in the near term. Why would the average investor continue to buy shares at market when this company either sells them in private placements/debentures for cheap or gives them away like candy? This causes further dilution and average investors to wonder why pay 2.00 when the company sells them every day for a quarter or fifty cents. If you read through their recent finacials you will see that their intention is clear that they will continue to do this and have no concern for the current investors. I do not know how many shares are authorized but if it is 100million as I believe it might be, it will be a long time before they could qualify for a listing on Nasdaq.
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