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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?


To: asker2 who wrote (69550)11/2/2000 11:02:19 PM
From: Jim Bishop  Read Replies (1) | Respond to of 150070
 
TMGS hadn't really looked at it, my thoughts may be meaningless, but I don't see the attraction, other than volume and movement today, but who knows, it could continue tomorrow, but that would surprise me.

Initially, I'd say it has the look of a flash in the pan momo. RB thread, 204 posts total...but 124 of them were today.

From news and filings I see:

<"2) increase the number of authorized shares of common stock to 300,000,000 and authorize the issuance up to 25,000,000 shares of preferred stock, and to
approve the adoption of the "2000 Murdock Group Stock Option Plan.">

<This reduction will be accomplished through a combination of real estate portfolio sales of small and midsize properties and debt to equity conversion into common stock.>