SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Buying opportunity - Market maker out of business -- Ignore unavailable to you. Want to Upgrade?


To: Master (Hijacked) who wrote (98)1/18/1998 1:06:00 PM
From: Master (Hijacked)  Read Replies (1) | Respond to of 472
 
*off topic* NURS update. Since the 1.2 million share buying
spree on wednesday did not continue into Thursday and Friday,
it now appears that a reverse split will occur, according to SEC
documents. The first day of the 10-day "trading period" was Friday,
with the last sale for averaging purposes is .25. So as of today
there would be a 8-1 reverse, on the low end of the reverse scale.
It will be exciting to watch how high on the scale NURS goes over
the next 2 weeks- I think management is aiming at the smallest
possible reverse, which means NURS has got to get to the .75 range
by early next week(tuesday after MLK holiday).

From the proxy:

The Board of Directors of the Company has authorized a vote by the shareholders on a proposal to effect a reverse split of the issued and outstanding shares of Common Stock (the Reverse Stock Split") if on February 2, 1998, the reported last sale price of the Company's Common Stock on the Nasdaq SmallCap Market has not been over $1.25 for each of the previous ten
days on which the Common Stock traded in such market (the "Trading Period").
The ratio of the Reverse Stock Split (the "Reverse Split Ratio") would be determined based on the formula set forth below, and could vary from 1 for 2 to 1 for 10. A copy of the Plan of Effecting a Reverse Stock Split (the "Plan"), which has been approved by the Board of Directors and is recommended
to the shareholders for their approval at the Annual Meeting is attached as Exhibit A. If adopted, each share of Common Stock issued and outstanding immediately prior to February 18, 1998 (the "Effective Date") will be
reclassified as, and changed into, a fraction of one share of Common Stock, depending on the Reverse Split Ratio that results from the application of the formula set forth below and in the Plan.

By approving this proposal, the Shareholders will authorize a Reverse Split Ratio determined as follows, based upon the average last sale price per share of the Common Stock as reported on the Nasdaq SmallCap Market during the Trading Period:

Average Last
Sale Price Reverse
During Trading Period Split Ratio
----------------------- ------------

Under $0.15 1 for 10
$0.16 to $0.25 1 for 8
$0.26 to $0.40 1 for 5
$0.41 to $0.50 1 for 4
$0.51 to $0.65 1 for 3
$0.66 to $1.25 1 for 2

If the average last sale price during the Trading Period is over $1.25 per share, the Reverse Stock Split will not occur.

However, by approving this proposal, the Shareholders will also give the Board of Directors authority to determine, in its sole discretion, that it is in the best interest of the Company to abandon the the Reverse Stock Split at any time prior to the Effective Date, without further action by the
Shareholders.




To: Master (Hijacked) who wrote (98)1/24/1998 11:58:00 PM
From: Master (Hijacked)  Read Replies (2) | Respond to of 472
 
Week 3 review:

Looks like 3 more stocks popped to varying degrees this week,
leaving just a smattering of opportunities left to catch
on the rebound. Missed out on ACUC's mini-pop but I caught BIGC and CXIL with easy doubles this week
to match FLEM's easy double last week and VCLL's simple quadruple
2 weeks ago. And not a loser in the bunch! Still waiting on NTST to pop, and of course last but not least the "GOLDEN EGG" ISON that
just released their Worlds First 100% Pure Silicon news-
its coming out of nowhere to knock the whole computer industry
on its ear in 1998. Once again, who's got the patent and
production of Silc-28? ISON ALONE. Who wants Silc-28? Everybody
that makes any computing devices worldwide. Nobodys going to pry
my greedy fingers off my ISON shares for under $50!

ISON - Week 1- $2. Last week $2. This week $2.13. Ultra-pure Zinc and
Silicon manufacturer with patents, revenues and monopolies, and
the worlds first 100% pure silicon wafer. Made announcement distancing themselves
from MOPA. Small float.
FLEM - Week 1- $1.62. Last week $2.87. This week $1.91. Exponential potential licensing drug
delivery system for OTC drugs. Made anouncement distancing from MOPA. Small
float.
VCLL - Week 1- $3.06. Last week $2.93. This week $2.63. Huge potential in thermal paints. Made
announcement distancing themselves from MOPA. Small float.
NTST - Week 1- $1.38. Last week $1.18. This week $1.22. Huge potential for smartcard technology
and alliance with SUN.
SIMA - Week 1 $2. Last week $2.06. This week $2. Stock way down but with upward
momentum. Makes ultrasonic tools for medical and construction industries.
ROTIP - Week 1 $1.87. Last week $1.87. This week $1.97. Stock way down but with upward
momentum. Chain of homestyle meal fast food restaurants.
ACUC - Week 1 .84. Last week .75. This week .88. Trading below book. Resells
telephone and video conferencing equipment. Has patent for line sharing device.
CXIL - Week 1 .75. last week .87. This week $1.19. Trading below book. Makes nutritional
products.
BIGC - Week 1 $1. last week $1.25. This week $1.63. Bagels.
PCFR - Week 1 $1.69. last week $1.75. This week .62. Search engine software.
CASC - last week $3. This week $2.94. Employee recognition items.

Last week I saw some buying in advance of the CXIL and BIGC pops and
got in. This week I am still holding NTST for no other reason than
it looks like a pretty solid bottom at $1 and there are some buyers
out there. Although I didnt add any new positions to the
current group of MOB stocks, I think the wild card for a pop
this week might be ROTIP(crashed from $18 to $1) which
had some buyers last week and has been creeping upward. If I see
more buying in blocks, I'm going to give that one a go.