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Microcap & Penny Stocks : General Stores - GSIC -- Ignore unavailable to you. Want to Upgrade?


To: Currency who wrote (175)12/24/1998 12:35:00 PM
From: proud dad  Read Replies (1) | Respond to of 972
 
If you are saying the company dumped shares you better have proof.I think they are trying to discourage buying by tanking it.



To: Currency who wrote (175)12/24/1998 12:44:00 PM
From: Richard Karpel  Read Replies (1) | Respond to of 972
 
>>>Chances are the MMs were caught short of shares and went to the company and cut a deal with them so they wouldn't have to cover on the market.<<<

Wrong! Chances are the company paid FSS, MoneyMade and the Center for Internet Research (see Tuesday's press release) and planned to dump as many shares as they could once the pump was primed.

Anyone who wants to know more about this company should read the following post from the other GSIC thread:

Message 2896505

If that doesn't convince you, go to the company's website (http://www.genstores.com) and read the series of monthly "newsletters" that have been posted by the CEO. Nothing but a series of broken promises, which explains why the stock has dropped like a rock ever since it was issued.

My guess is that GSIC is about to go under and the incompetents who run the company made one last ditch effort to scrape a few more bucks off the table before the whole thing implodes.