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Microcap & Penny Stocks : KANA - undiscovered Internet Company! -- Ignore unavailable to you. Want to Upgrade?

To: MakeAFuss who wrote (632)	9/9/1998 12:58:00 PM
From: JC Reddy	Read Replies (1) \| Respond to of 1268

I only hope KANA actually sold significant amount of stock at reasonable levels (we saw most of the selling between $1 and $0.30 levels). If they did, they should have a couple of million dollars sitting in the bank which they could use to build the business. From the volume, it appears that they may have sold 3-4 million shares between $1 and $0.30, but that's only my guess (with the assumption that there was no shorting). I also think they stopped selling when the stock reached about a quarter. At this point, I only hope the company sincerely puts efforts to give us good returns on our investment. We will have to wait and see. And yes, I certainly hope KANA will be more honest with its investors in the future.