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Microcap & Penny Stocks : ComGen Corp (CGEE) -- Ignore unavailable to you. Want to Upgrade?


To: lookin forward who wrote (99)1/23/1999 10:27:00 AM
From: Larry Panik  Respond to of 121
 
This is the only thread I know of. As for a machine, I always call and get someone. Try again monday between 7am-1pm PST or in other words, market hours.
And yes it appears to be heading upward. With some big blocks last week I think the shorts have covered and we shall see higher prices in the next few weeks.
Larry



To: lookin forward who wrote (99)1/23/1999 10:35:00 AM
From: Larry Panik  Read Replies (2) | Respond to of 121
 
Here may be the reason for the current move upward. Good to see the company making smart decisions for its shareholders.

Friday January 22, 3:41 pm Eastern Time
Company Press Release

COMGEN Terminates Patent Negotiations
RENO, Nev.--(BUSINESS WIRE)--Jan. 22, 1999--COMGEN, Inc. (OTC BB:CGEE - news) announced Friday that, pursuant to its press releases dated November 10, 1998 and November 12, 1999, the Company has terminated its negotiations with Messrs. Rzazewski and Jeffries to acquire certain environmental patents relating to an apparatus and process for reclaiming fuel oil from waste oil.

The decision to terminate negotiations was reached as a result of matters uncovered during its due diligence on the technology.

The Company intends to continue its investigation to locate a viable business venture to become involved with that will increase the share value of the Company for its members. The Company's participation in this business venture may take the form of a merger, consolidation, exchange of common stock for assets, joint venture or other form.

The Board of Directors intends to consider only business ventures which are profitable, or which have in their view growth potential.

The Company currently is a development stage company and has no business operations at this time.

The SEC and NASD have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.

On Behalf of the Board of Directors,

Christos Koumbis

Contact:
COMGEN, Inc.
David Parry, 877/608-1611