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Microcap & Penny Stocks : ICVI (now MTEI) -- Ignore unavailable to you. Want to Upgrade?

To: justaninvestor who wrote (4284)	5/29/1998 1:43:00 AM
From: Cliff Daniel	Respond to of 11850

<< I guess the simplistic answer is that they will release the news when it's ready. IMO, companies should not allow their stock price to unduly influence the timing of a PR. Now, once it's ready, they may deliberate as to what time of day they think would be appropriate, e.g before the market opens, during the day, after market close. I agree that a company might say,"let's do it Friday PM, so the market can discuss it all week-end" but I don't think it would have anything to do with the actual stock price. Yes, I know that companies will come out with PRs if their stock is being pummeled, but that's not what I would call a material PR. >> I see your point. I haven't read the last 100 messages, and I've probably missed something that's gonna come back and bite me... but I would have rather seen that last PR not come out until Monday. Why? Well, if the MM's do what they traditionally do the last trading day of the month then that's totally gonna kill the last rise in price that the PR helped to give. So, if they short the stock all day and drive the price down to show an excess in cash for borrowing power then it's possible the monday PR will only get us back to where we were today, plus a few points. Don't read me wrong here. I have 50k shares and am waiting long on this. I'm actually digging under the carpet for some more shares just in case we see another awesome buying opportunity. Cliff