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Microcap & Penny Stocks : CAVR (Carver Corporation),Book at 1.28,price 0.25. -- Ignore unavailable to you. Want to Upgrade?


To: TARIQ STOCKS who wrote (92)4/8/1998 11:22:00 AM
From: TARIQ STOCKS  Read Replies (1) | Respond to of 319
 
I need some help, but let me try to explain my take on the CAVR news.

The chairman works for Renwick Capital Management, so they sold RESTRICTED PREFERED shares to the Renwick fund for some cash. Yes at 0.125 but these are restricted shares. With this transaction whenever it takes place they will meet the shares requirement of Nasdaq?? will they? then what remains is the stock price over $1.00. The float remains the same with all this, am I accurate??

Second, at open I noticed all transactions were at ask, suddenly the price falls dramatically on a bid transaction (a small one). What is exactly is happening????