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


To: SSP who wrote (72900)12/1/2000 9:19:01 AM
From: Taki  Read Replies (2) | Respond to of 150070
 
ABRG worry, if the below is true.
By: gdeinvest
Reply To: None Friday, 1 Dec 2000 at 12:12 AM EST
Post # of 64900


TALKED WITH FRIEND AND LARGE SHAREHOLDER OF AMBRA RESOURCES

TONIGHT; HE COMMENTED THAT HE HEARD THRU AN EXECUTIVE THAT
AMBRA IS PLANNING A 1/10 REVERSE SPLIT BY YEARS END. HE
SAID A PROXY COULD GO OUT EARLY AS DECEMBER 27TH, 2000.
I ASKED HIM WHY THEY WOULD DO THIS AND HE SAID BECAUSE ITS
TOOK TO MUCH EXTRA STOCK TO ESTABLISH GAS LINE HOOK UPS
AND TO COVER MUCH OPERATING COSTS OVER THE LAST 3 YEARS.
JEFFERY TOLD ME THAT MANY INSIDERS ARE BAILING OUT BUT IT
WILL BE PUBLIC INFORMATION SHORTLY.

I WILL PROBABLY BUY IN AFTER THE REVERSE SPLIT IN EARLY
JANUARY. STILL WILL WATCH STOCK PRICE AND SEE THE IMPACT
FIRST. KIND OF WORRIED RIGHT NOW; STILL HOLDING A POSITION
IN AMBRARESOURCES.

THANKS,

GDEINVEST