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Microcap & Penny Stocks : CML Group, Inc. (CMLK - was CML) -- Ignore unavailable to you. Want to Upgrade?


To: Jacalyn Deaner who wrote (44)6/10/1999 9:59:00 AM
From: D Ruccione  Read Replies (3) | Respond to of 339
 
Jacalyn, you are clearly right on the money in discerning a pattern of accumulation for CMLK. It has been going on since January, and most of the time it has been pretty sophisticated, i.e., carefully has avoided upticking the price by carefully pausing after volume increases, and that sort of thing.

The interesting question is WHY? the accumulation, and, as you point out, WHO? If earlier posts about a $30 million plus NOL are correct, the book value of the shell may now be about 20-25 times where it is currently trading. But I am guessing that what is really going on is even way more than that.

Thanks for your research and I hope you and others will continue to post both the research you can glean and also the MM positions. I used to be able to do more of that kind of thing but my baby is running me ragged!!

Thanks.
Diane