To: michael d kugler who wrote (29683 ) 12/23/1997 12:51:00 AM From: cheese Read Replies (1) | Respond to of 55532
Hey All, Someone today lumped RMIL with TRGC. I post the following for several reasons: A. ALL hope is NOT lost...IMO. This is far from being over. Never give up but be realistic. What's needed here are facts. 2. Someone else talked about selling shares to their broker for a penny a share to get a '97 tax loss. This might be premature...IMO. III. Can't think of it right now. Here's a short short-term history of TRGC as best as I can decipher it: On 6 Nov 97, the SEC halted trading for 10 days on TRGC because, "The SEC said it imposed the halt because of questions raised about the accuracy and adequacy of publicly disseminated information concerning the value of Trinity's assets, results of its business operations and recent resignation of its auditors." As best as I can tell, TRGC traded for ~$2.50-2.75 prior to the announcement. When trading resumed on 20 Nov 97, TRGC traded on the pink sheets. The next 5 days, TRGC had price swings from $1.50-~3.00. (This is from folks that posted the quotes on SI). On Dec 8, the SEC charged the CEO with fraud (I think for issuing illegal shares). The priced dropped to .25-.50. Every investor must do what they think best but the above is an example of a stock that did not resume trading and pummle at the open. The CEO did get charged and that's why facts are needed here. I'm not saying RMIL folks are doing anything illegal at all. I, as well as everyone else, want to know what's going on. Cheese Still Holding :-) PS I remembered no. III above. I got tired of folks saying it's all over. It's not over yet. PPS I am not an expert. The above is MHO. I'll take any CONSTRUCTIVE critisism.