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Microcap & Penny Stocks : OTC Shell Search and DD... -- Ignore unavailable to you. Want to Upgrade?

To: TallTrader who wrote (737)	6/9/2000 3:49:00 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 858

Unfortunatley, two-thirds of the cash is tied up for two years: sec.gov "...$1,250,000 which will be held in escrow for a period of two years and is available to settle potential indemnification claims."

To: TallTrader who wrote (737)	6/10/2000 11:19:00 AM
From: Ga Bard	Respond to of 858

Sorry Tall but I have sworn off shells. Lots of them do reverse splits. ADTX was only 5M and they are doing a 6 to 1 ... CSCA (Which I am the contracted the IR ) has announced a potential of 100:1 after a 70:1 last year with only 3M outstanding right now. These shells used to be great till the SEC did what they did and fights over the shells and a reverse split is starting to become the norm now. I am like Joe on CBNC right now and his statement on the market in genreal "I am too scared to buy a candy bar!" I am that way with shells. HELP may be the exception but I have basically sworn off shells for this reverse split reason. When they get something then I will consider it. I do have it on my monitor watching the trading though. No Offense but shells are short term plays and extremely dangerous to me. GAry