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Microcap & Penny Stocks : Buying opportunity - Market maker out of business -- Ignore unavailable to you. Want to Upgrade?

To: Joey Two-Cents who wrote (292)	2/18/1998 10:30:00 PM
From: Master (Hijacked)	Read Replies (1) \| Respond to of 472

Thanks for the tip on TGSK- I looked at it. On the positive side, - TGSK has a small outstanding of 6 mil. - Growing profits - Growing revenues - Brand new stock- doesn't have any baggage and could really take off! See what "brand new" GLFC did the last couple weeks(was one of my CTVM's clients)- watched it go from .15 offer to $3 bid and never did buy any! On the negative side, - The huge spread of .68 to $1.06 and very thinly traded - They say they are reporting- but they don't file electronically on EDGAR- I couldnt find any docs. One thing I also didn't like was their getting that $2 million last month and giving away UNRESTRICTED shares. First of all if they're cash-flow positive and are expecting $6 million in profits this year- why dilute the stock with free-trading shares. And if they did this once, my experience is that they'll do it again- a lot of companies make a living by paying the bills with stock. I'll be watching to see if the spread closes a little.