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Microcap & Penny Stocks : AmeriResource Technologies (ARET) -- Ignore unavailable to you. Want to Upgrade?

To: steve walsh who wrote (4916)	12/24/1998 8:14:00 PM
From: John	Read Replies (1) \| Respond to of 7609

When I read of how the number of outstanding shares has increased so significantly, my eyes nearly came out of their sockets. Just a few months ago, they issued a press release in which they bragged about how they were going to buy back 20% of their stock, etc, etc. I feel like a fool now for not finding out that they were issuing more shares. Do you think they may also be lying about not initiating a reverse split now? How much can the January/February effect carry a stock with this much dilution? Remember, when the dilution was far less than it is now, it took nearly 39+ million shares of volume to lift this stock briefly above .04/share. The 39+ million shares of volume was initiated by some touting service earlier this year. Even if we were lucky enough for another 39+ million shares trading session, how far could this stock move with so much dilution? Hell, I was just hoping for .02 before I even KNEW of the massive increase in outstanding shares, but now, I don't know if .015 is a probable reach. Well, the only thing to do now is buy a lot more shares, and hope we see a penny someday. My average purchase price is .009/share so I'm not as mad as I would be if I were some of these poor folks who bought in above .03/per share. I may not make much money on this burned out company, but I'll be damned if I'll put any money in the pockets of MMs, other than indirectly via commissions and fees. Long on ARET indefinitely. Regards, John