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Microcap & Penny Stocks : Dominican Cigar Corp (DCGR)- turnaround in hot sector? -- Ignore unavailable to you. Want to Upgrade?

To: LFISKY who wrote (719)	7/15/1998 5:10:00 PM
From: BS Buster	Read Replies (1) \| Respond to of 1078

No, I do not know who Stephanie Rosenberg is. And yes I am a shareholder here. I am trying to be as objective as possible here, but the fact is the stock hit an all time low today. I believe it happened for one and one reason only. And that is because the management issued and gave away millions of new shares for useless promotion. Also, if you look at the released financials you will see that in addition to all the shares given for promotion there were millions of shares issued as part of 504D offering. 504D offerings are always done well below the market price of the stock. In this case the shares were sold at 5 to 9 cents. People who buy shares at such discount usually sell them very quickly on the market to get their money back. In general, 504D issuance is a killer for stock, especialy a BB one. That is why the price is now 11 cents here. I happened to know several companies that are doing well but are trading in single digits for the same reason. I believe that DCGR is making money, but the only thing that really matters is the stock price! If you have something positive to say about the prospects for this stock please do.