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Microcap & Penny Stocks : IDCN - gold, garnet, etc. -- Ignore unavailable to you. Want to Upgrade?


To: David Sirk who wrote (1065)8/21/1998 9:34:00 PM
From: Sojourner Smith  Respond to of 5908
 
Part 2 mms etc.

So now IDCN or whoever has the shares they want
and will hold. Maybe they will attempt to call in certs.
(please do not try at home, I have never seen it work EUTO, etc)
I can only guess what the mms will do, because the float is probably
gone. So now there are at least 2 possibilities 1. They play around
going up and down to make money or 2. They aren't
concerned yet or some reason.

But I don't care about the mms, they will take care of themselves.

The next step are the buyout offer, the company buying shares,
and/or test results.
Assuming insiders have shares and are expecting to take that
offer or another, they are sitting where they want to be. Why sell
or a little proffit. No indication yet IMO of them selling.

So the risk is:
1.Scam theory - they are selling or made up the buyout offer and
sell later and leave town?
2. Real Deal - they accept an offer or buyback and drive the stock and make more money and continue mining plans.

I pick 2.





To: David Sirk who wrote (1065)8/21/1998 9:42:00 PM
From: Sojourner Smith  Respond to of 5908
 
I am still trying to re confirm garnet info.
I thought I saw or heard they were already shipping.

That info will help, but I feel better about that after talking to someone in the mining business today.

The key IMO, is a buyout offer, a buyback by the company or
great test results.
I cannot guarantee where this going, but I am bullish on this one.

One thing I wish is they would get someone to answer the phones.
Jeffrey told me that CMI staff is on vacation, however.