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Microcap & Penny Stocks : RICI - Riviera International -- Ignore unavailable to you. Want to Upgrade?

To: Don Schoenbeck who wrote (225)12/4/1997 4:18:00 PM
From: George C. Grasser  Respond to of 305
 
Don:

I tryed to get in with a 9,000sh. buy at 3:58, but didn't make it. If it goes any lower we are going to need a microscope to see our holdings.

The situation is beyond possible satisfaction.
The only hope is to buy at the lowest possible price, and hope there is a moderate upswing at some point.

Best,

George



To: Don Schoenbeck who wrote (225)12/5/1997 1:20:00 PM
From: J. A. Pina, Jr.  Read Replies (1) | Respond to of 305
 
Don't know what's going on Don... but this one started to smell like the DACQ's...etc...etc..etc....etc..... you can fill in the blanks.. See ya... Joe Pina (FL)



To: Don Schoenbeck who wrote (225)12/8/1997 3:09:00 PM
From: George C. Grasser  Read Replies (1) | Respond to of 305
 
Don:

Called my broker. National Discount. Since they are a discount broker they are not forthcoming with advice. But he did answer my technical questions. Reverse split is an attempt by a company in financial trouble to be more attractive to potential buyers. A droping to the original price after the reverse confirms real trouble and the potential for bankruptcy.

I'm not a happy camper.

Best,

George


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