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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?


To: TraderGreg who wrote (11514)7/15/1999 10:37:00 PM
From: iknowlarry  Respond to of 11708
 
Its still in their best interest to get the stock price higher.

Since the price has been going down, I assume they have been issuing paper to raise capital/pay-off debts/services. (the new shares you mentioned) At some point they will stop. The leaderships shares aren't worth much at this price either. So, if the new paper issuance has now stopped I would expect a steady stream of news releases.

I haven't bought any either, but this may be a opportunity if there done. At the current stock price the P/E will be about 1 at the end of the year. Just waiting to see if the buyer the last 2 days decideds to dump. If not, more news is on the way. (my opinion)



To: TraderGreg who wrote (11514)7/16/1999 1:04:00 AM
From: IBMikey  Read Replies (1) | Respond to of 11708
 
TG. Yes I was wondering when the 10 was going to be an issue. It
seems everyone says" we're working on becoming a reporting co."...
but not a word YET from Veltex. Perhaps it will happen. I am
a bit perplexed on float also. Can they be issued before an acquistion is announced? They have to be close in closing that deal for the other textile mill nearby...I hope.