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Microcap & Penny Stocks : TNRG Tianrong Building Materials -- Ignore unavailable to you. Want to Upgrade?

To: Jim B who wrote (575)	3/26/1998 5:32:00 PM
From: hoffy	Read Replies (1) \| Respond to of 9824

>>>Those shares were cancelled becasuse those who held those shares for 2 years have NOT met their obligations to some arrangement that the company had... there will be no litigation on this... they didn't do what they were supposed to do.. so the company acted on its right in its contract to cancel their shares... end of story... you can confirm this with the company as I'm sure you're talking to them on a regular basis... as is smart to do with any investment..>>> Jim, Can you explain this more? What was the obligation this group had. If they had paid for this stock do you think they would agree to just go away with nothing. Or did they get this stock through some agreement of them paying money in the future and they didn't or what. If this was so good for the company, why the big drop today? I know it came back but usually after a penny stock has a scary ride like today it is hard to get back the confidence of the investors. people get much more apt to take profits quickly to avoid the big crash.