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Microcap & Penny Stocks : Greenland Corp. (GLCP) -- Ignore unavailable to you. Want to Upgrade?

To: James Mitchell who wrote (614)	5/3/1998 12:45:00 PM
From: makin_dough99	Respond to of 2278

James, One of the most logical and smartest posts I've seen to date My friend. Nice to meet you. We must keep an open mind in all stocks we participate in - better to think it out logically than to fight with each other. BR

To: James Mitchell who wrote (614)	5/3/1998 4:12:00 PM
From: Boob	Respond to of 2278

Shares are issued to employees or outside firms for their services. Has nothing to do with the price of the stock. Accounting 101 states that if a company performed a $2000 service and the shares are trading at a nickel they should receive 40,000 shares or $2000 cash...since the company had no cash they give them stock. Now if this same service was performed today the company could either give them 8,000 shares or $2000 cash. The other members on that list were employees and the issue was part of the employees stock option plan. Boob