SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : ALFN - Toy Store On The Internet -- Ignore unavailable to you. Want to Upgrade?


To: P.E. Allen who wrote (148)2/9/1999 11:03:00 AM
From: myturn  Read Replies (1) | Respond to of 2136
 
One thing I do know is the MMs, BISH and AXCS are still on the offer and anyone buying in at these levels is going to have to sit on their investment for a while til these guys are gone.



To: P.E. Allen who wrote (148)2/9/1999 12:57:00 PM
From: M. Dion  Respond to of 2136
 
I have some very good friends who trade in OTC blocks.....504's etc......I called one of them up yesterday and asked him if he has ever been shown any blocks of AFLN.......He said that he was show 1 million shares back in oct....apparently the stock was higher at that time....He was extremely close to doing the deal until a third party stuck their nose into it.....anyways...the other party got the block....

Which coincides with what i had heard from the PR guy who claimed that he wasnt aware of any financing being done at this time....He told me that back in october they did a small 504 for $300,000+.....Which meant that they could only do $700,000 recently ($1 mil per year).....

take the $700,000...divide it by .125 cents and you have about 5 million + shares......i believe the overhang is around 1-2 million.....maybe less......but bishop and ax are still selling....

mike