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Microcap & Penny Stocks : U.S. Microbics {BUGS} - Environmental Augmentation -- Ignore unavailable to you. Want to Upgrade?


To: Sigmund who wrote (50)7/2/1998 3:21:00 PM
From: GY  Read Replies (2) | Respond to of 345
 
Sigmund & Frank, I am very optimistic, but I still would like to know who the hell is continuing to sell at this level. I especially don't like the fact that it has now gone below $2. Mr. Brehm says he has no clue. He has ordered a NOBO list from ADP which I understand will give a more precise picture of the location of all BUGS shares.

There was an article printed in OTC Digest newsletter last week on BUGS (www.otcdigest.com). I can't imagine that attracting any short selling, it's not as if its the Wall Street Journal. A stock in the same newsletter featured alongside BUGS was- 'IJNT'- This stock has more than doubled in the past 2 weeks. That's not exactly short material in my book. The word manipulation keeps coming to mind.

The only other plausible explanation is that someone is deliberately driving the price down to accumulate more shares anticipating a quick run upward. Again manipulation. Isn't the OTC BB #@$%#^* great!

I will do my absolute best (I do have the resources) to have an answer before the end of next week as to who is selling, and if I can find out, I will post it here you can be sure. If anyone can shed some light on this please do so.

For all of you following BUGS check out a competitor 'MBST' Micro Best. I would like to get some feedback. I know BUGS is not the only microbial game in town but like myself I believe any shareholders would like to know who the competition is.