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

To: EubieV who wrote (618)	5/3/1998 10:35:00 AM
From: Tim Luke	Read Replies (2) \| Respond to of 2278

Keep in mind that somebody might want to throw piss in the wind to shake out shares.

To: EubieV who wrote (618)	5/3/1998 11:39:00 AM
From: Alan Coccio	Read Replies (1) \| Respond to of 2278

Very good Vickie. This is what good due diligence is all about. Money doesn't come easily to most of us and when we find a company that seems to have the promise this one does, it is very important to explore all avenues when we make our investments. The information I posted about the rush order for shares is taken from an SEC filing the company did in March. (Several people asked me that question in Private Messages. Finding that letter was as simple as going to Edgar and doing some reading.) La Jolla is loaded with shares and is selling into the rally which we know from watching the trades and seeing his position in the market maker box. The suggestion that insiders are selling is circumstantial evidence but it needs to be checked out. If these are not the shares owned by the insiders, whose shares are they? Perhaps the buying frenzy taking place will exhaust all those shares and the price will rise astronomically anyway. But when a red flag is waived in front of our noses, it is prudent to check it out and try to find out the truth of the matter. There are lots of potential scenarios here to consider. Maybe the officers rushed to load themselves up with shares knowing the coming company news and hype would drive the price up and they could unload later. Perhaps they are selling treasury stock to raise capital for the company which is justifiable. The bottom line is that it would appear the company is responsible for millions of shares being sold. And I would like to know why...simply to try to protect my money which doesn't come easily and I don't want to lose because I was too lazy to do my homework.