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Microcap & Penny Stocks : Generation Entertainment (GNEN, GNEND) -- Ignore unavailable to you. Want to Upgrade?

To: MakeMoney who wrote (608)	1/19/1999 10:20:00 AM
From: Jimmy Dunn	Read Replies (1) \| Respond to of 1431

MakeMoney, I am single and boring. Spent most of the weekend going over about 50 different stocks, eliminate a few, more research, until it gets down to one new one. Too much time on my hands.

To: MakeMoney who wrote (608)	1/19/1999 11:28:00 AM
From: Chad Beemer	Respond to of 1431

Do some dd on CICG as it is doing well and has some solid things in play. Here is some info on it from a good friend of mine. Symbol CICG Continental Investment Corp., symbol CICG traded as BB stock. CICG has been plagued with its share of problems over the last year. Here are three of them: 1. Investors did not like CICG investment in WAST, WasteMasters Inc. last year. 2. The old board of directors, led by a large shareholder, tried a hostile take over CICG in late August and again in mid September. CICG CEO Dale Sterritt fired them all and the attempt was futile. There is still a battle going on led by this large shareholder. 3. A class action shareholder lawsuit was filed against CICG by one lone shareholder. Yes, I will admit this all sounds pretty negative but I like stocks that have promising futures and that have also sold of into pennies from very high highs. Tax loss selling took its toll on CICG all the way to the last day of 1998. Well 1998 is over and there is no advantage to sell at the lows in 1999. Rumors are spreading that the CEO wants to do something to create value for the shareholders in the next couple months. Yes, only rumors at this point in time. Movement Jan. 8th in the share price indicates the rumors might have some merit but it is still speculator at this point in time. Here are some good points about CICG: 1. There are only about 13,000,000 shares outstanding. I am told only about 300,000 shares are in the actual float. Insiders who are not sellers tie up the rest of the shares. 2. CICG has one operating garbage landfill and one non-operating landfill. 3. CICG owns a fabric company. 4. CICG owns an open pit quarry in Atlanta. Big hole that can hold lots of garbage when it is state certified. This certification is way in the future. 5. CICG owns 35,000,000 million shares of WAST stock. 6. CICG owns options on 100,000,000 million shares of WAST stock. 7. 135,000,000 million shares of WAST stock at .41 cents equals $4.258 current value per CICG share. This does not even take into account the landfills, fabric business and the hole in the ground in Atlanta. This is a pure asset play with a value somewhere around $5 per share. The stock is currently closed Jan. 8th at .53 cents. . This is ½ the true cash liquid asset value of $5 dollars per share. It appears that GNEN is going lower in my opinion based on all the rumors going around. I guess we'll just have to wait and see.