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Microcap & Penny Stocks : Gourmet's Choice Coffee Co. - GMCH -- Ignore unavailable to you. Want to Upgrade?


To: John Mazzaglia who wrote (5)12/1/1998 1:05:00 PM
From: Edward Williamson  Read Replies (1) | Respond to of 2161
 
I don't think the 60 million new RESTRICTED shares caused the price
drop. It must be tax loss selling. Everyone paid 10-cents, 20-cents
or 30-cents in the company's offering last year so anyone selling
is taking a HUGE loss!!! The number of shares in the public float
is still about 8.5 million. Someone has lost a lot of money by
selling at these low prices. Hopefully the new management will
start promoting this stock.