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Microcap & Penny Stocks : Genesis Media Group, Inc (GNNX) -- Ignore unavailable to you. Want to Upgrade?

To: Harry_Behemoth who wrote (2306)10/7/1998 4:34:00 PM
From: Tom Brown  Respond to of 3129
 
Hope everyone watched the trading today, as it was most unusual. High was 41 cents at about 10:40 (west coast), low was 19 cents at about 10 minutes to close. That spread is the biggest ever in this stock.

Volume was 207,300, highest since 7/10/98. Most peculiar was the last trade. With volume at 206,800, price was 19 cents. On 500 shares, it jumped to 28 cents, almost a 50% increase. Have no theory or explanation for this, just noteworthy.



To: Harry_Behemoth who wrote (2306)10/7/1998 4:37:00 PM
From: Mike Sawyer  Read Replies (1) | Respond to of 3129
 
It looks like conversion to me. Could that be the case? Could they be diluting the stock more? Just how does this work with Logan buying all the companies with his personal stock? Is this a gift to GNNX shareholders? I never did understand how Logan got all that stock. And then how he buys companies with his personal stock. Does anybody else understand it?


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