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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: P.E. Allen who wrote (1456)	1/29/1999 8:34:00 PM
From: P.E. Allen	Respond to of 52051

Not this is a rumor, I try to bring it all to you as I get it. From YAHOO MESSAGE board Just spoke to the president of the company... by: trusteve 198 of 198 After speaking to the president of CGCOC, these are some areas we talked about; 1.On the halting; Nasdaq has halted trading and sent a letter with six questions they would like answered.The questions have been answered. The first draft and a News Release will be forthcoming about it. He went on to say that the Boston Exchange has not halted trading. 2.On the delisting; It is true that they were about to be delisted on 2/10/99.In fact Nasdaq encouraged them to give a reverse split,and this is why they are going a different route with the company.To paraphrase Mr. Machulak, "Most companies that enter into a reverse split are doing a disservice to thier stockholders as most of the time it fails to help the company right itself." 3.On the Web Page; They have been working on it for a long time and have many companies signed up. It is not something they dreamed up just recently. 4.Company has over $11,000,000 in gold reserves so stock should be trading in the $7-8.00 range. Hope this helps, Steve

To: P.E. Allen who wrote (1456)	1/29/1999 9:43:00 PM
From: Smiley	Read Replies (1) \| Respond to of 52051

<--SCAM ALERT -- CGCOC HALTED -- Mining Company announces internet activity. Here is what is happening. Their "exception" expires Feb. 10. Stock was jacked up to stay listed. This is a scam. Look at chronology: STEP 1. CGCOC was granted an "exception" to stay on NASDAQ. The exception EXPIRES in 11 days. Here is the story: "Commerce Group/Nasdaq -2: Exception Expires Feb. 10 >CGCOC 12/09/98 Dow Jones News Service (Copyright (c) 1998, Dow Jones & Company, Inc.) MILWAUKEE, Wis. (Dow Jones)-- Commerce Group Corp. (CGCOC) obtained an exception from the minimum bid price requirement for listing on the Nasdaq SmallCap market. In a press release Wednesday, the company said the exception expires Feb. 10 and it believes it can meet requirements for continued listing thereafter. For the duration of the exception, the company's Nasdaq symbol will be CGCOC. (END) DOW JONES NEWS 12-09-98 01:22 PM Step 2. A MINING COMPANY announces internet site: Commerce Grp Corp. Seeks To Buy Niche Web Sites For Portal MILWAUKEE (Dow Jones)--Ecomm Group Inc., a unit of Commerce Group Corp. (CGCOC), plans to consolidate niche Web sites into a new Web portal. In a press release Friday, Commerce Group said the portal will offer free Web-based e-mail and Web page communities, chat communities, auctions, targeted advertising, instant messaging, a personalized start page, product suggestion, a topical Internet directory and electronic commerce. Nasdaq-listed shares of Commerce Group recently traded at 1 1/4, up 59/64, or 281%, on composite volume of 168,200 shares. Average daily volume is 17,674 shares. Commerce Group explores, develops, extracts and processes precious metals in El Salvador. Step 3. TRADING HALTED TONIGHT after market close. Hope no one owns this thing. What a scam!! Not short, not long.