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Microcap & Penny Stocks : NYRR,What is going on? -- Ignore unavailable to you. Want to Upgrade?

To: jack w garnes jr. who wrote (3315)	7/19/1998 6:44:00 AM
From: 246810	Read Replies (1) \| Respond to of 4304

TO ALL: On February 11, 1998 Rick McBride talked to Greg Kislof (IR guy at NYRR). He reported his conversation in post #2537, but I will summarize here. Greg said the following: 130,000,000 outstanding shares 85,000,000 owned by employees/management 27,000,000 owned by Bob and Arlene Crawford $7,900,000 net worth after Bestsellers write-downs Look for profit 90 days post Conrail split No further dilution until profitability More government money has been applied for. Fully reporting in 2 months. Write for a copy of the 15c2-11. On February 24, 1998 Mr. Crawford was quoted by a PRNewswire release (Post #2546, thank you Denise) as follows: Converted $1,750,000 of debt to equity. Equity base of $10,000,000 with no bank debt. 146,000,000 shares outstanding Employees/management own 60% From about February 12,1998 to February 24,1998 the stock rose from about 0.11 to about 0.20. Both these posts are worth re-reading. There has been insignificant insider selling. There are no restrictions on 144 sales other than volume in my opinion. You can read about 144s and 15c2-11s on the NASD site. Employees and management have faith in the company, and so do I. On the other hand, as an investor, I wish they would be more consistent in their statements. I also wish they would be more verbal about the prospects for the company. Most small company managements "tout" their stock. It is obviously not the Crawford's "MO," and that is their decision. A positive spin on that is they don't have to. They are not going to sell, at least until the earnings are rolling along, so why bother looking like a hypester when you aren't. Given more business from CSX and NSC, earnings will grow and they will be worth reporting and that is essentially what Greg Kislof and Bob Crawford promised. 246810