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Microcap & Penny Stocks : MegaWorld Inc. (MEGW) -- Ignore unavailable to you. Want to Upgrade?

To: Emec who wrote (399)	4/28/1998 9:42:00 PM
From: brodway	Read Replies (1) \| Respond to of 1058

HI EVERYONE....... Im actually new to this thread, although i have followed Megaworld for some time now. In fact, i was looking to buy a small position some time ago(before the split), but couldnt pull the trigger as the stock could not find any interest on the upside. Watching the stock over the last couple of weeks, however, im getting a bit more interested again. I have heard numerous things on Megaworld, which i would like any of you to comment on. First, I understand that the short position in the stock has increased dramatically, and the dirty market makers are getting a bit nervous with the recent run up. I'm told that if they start covering, this stock could really take off, anyone of the same opinion? Also, i have heard that the company is ready to move forward from their reverse split, and head into a more positive direction. Specifically, they are looking to make some acquisitions, and with the stock now looking a lot more attractive, this could be done easily. Does anyone have a take on the shares outstanding now(post split) and the actual float? Im actually more interested to know what the float is, because if the market makers get squeezed, and more aggressive buyers come in(as has been hinted in the last few days), the stock could head north of here. Finally, im hearing, as many of you here have suggested, that there is a deal/announcement brewing that might include the acquisition of a property in Italy, that will substantially increase the value of the company. This property is supposed to bring in positive cash flow into the company, which i think is needed in order to reestablish the credibility of the stock again. Im looking forward to hearing from all of you, Very truly yours, Brodway.