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

To: brodway who wrote (408)	4/30/1998 3:36:00 AM
From: jake burns	Read Replies (2) \| Respond to of 1058

The float is extremely small. Best guess is in the 300,000 share neighborhood (of 2.08 million shares outstanding). Yeah, the property in Italy is a castle which will be used as a time-share to generate revenue. I believe it has a book value of over 11 million dollars. And then, of course, there's a major announcement on the horizon which should be announced in the next week or two. It's anticipated to be positive news, which is why we're all hanging around. If it's great news, I don't see any reason why this stock can't run to 24 to 36 dollars since, after all, that's only 2 to 3 dollars pre split. There's no float and few outstanding shares.