To: soxan who wrote (81 ) 4/24/1998 9:17:00 PM From: Richard Read Replies (2) | Respond to of 680
Hi Soxan, It looks like some one was taking a position or adding to it,for with just under 2,000,000 shares traded,and the price running from .024-.032,for someone to get a 1,500,000 or so, they will have to obtain some at the ask price to secure that many shares in a days time of which that is somewhere around .028 a share,which is only .003 above todays bid price,for that .003 is going to have little factor "if" EPEA comes forward with some positive news as we all know. As like todays volume,it would take a half a month if you got all the shares to get in the 2,000,000 share range. While on the EPEA subject, penny stock companies have us regular stock holders in the dark. They are don't have to send out quarter or even yearly reports to the stock holders,we are kept in the dark on insider selling or buying,and we have no hard figures after the IPO of how many more shares have been issued,so we don't know how diluted the shares are. Several weeks ago one of the 3 main news networks had a part on penny stocks on the 6:30 PM-EST, and the Security Commission admitted they were under staffed to keep up on the policing of the penny stock companies,and the news showed where stock holders were being ripped off by some of these companies . I myself have tried to look for steps by EPEA that would point toward steps of leaving us stock holders holding a empty bag,and have not seen the signs that indicate this with EPEA. Yes things have been more than slow,but with a huge vacuum out their for the need to get satellites up their by just to name 2 giants with money ready is Motorola and Microsoft,and not even Locheed-Martin has been able to move with any speed,which is good for EPEA. Also,with any of the launches like the Delta of Locheed-Martin,it will take 7-10 days to replace a gone bad satellite,which is a long time when it is part of a satellite web,while EPEA could replace a satellite in a day or two! EPEA Believer * Richard