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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: KZAP who wrote (6944)4/23/1998 3:53:00 PM
From: Hopefull  Read Replies (2) | Respond to of 11708
 
This is from a news release.

> Coconino Oil & Gas Gets Foothold in Huge Oklahoma Gas Field;
> Progress Reported on Conroe, TX prospect

> Coconino's interest in the well of $45,000 was paid for with a
> cash down payment, a bank loan arranged through First National Bank
> of Chaves County in Roswell, NM, and a small quantity of Rule
> 144-restricted common stock in CO&G's parent company."

First, I not sure if the headline is from CSMA, but it does seem like a bit of hype for a $45,000 investment.

Second, if they needed a loan for a $45,000 deal, I do not think that this is a good sign.



To: KZAP who wrote (6944)4/23/1998 5:09:00 PM
From: Bootz  Read Replies (2) | Respond to of 11708
 
KZAP:

I trade real reporting stocks, too. Into TRID, GX (2 for 1 split) and back into BELF, all this week. Probably should be back into SCTR, too, but you know what they say: too many stocks, too little money.

My mainstays are still ETEC and LUV. (The latter has given me two stock splits since I've been in.) Did you see the late news on SETO today? Still looks like a good buy at those prices to me.

Not-so-blue-Bootz


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