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Microcap & Penny Stocks : AAFGQ - Last Cheap Internet Play Around? -- Ignore unavailable to you. Want to Upgrade?


To: garyb who wrote (71)3/19/1999 9:18:00 AM
From: Kevin Clarke  Read Replies (7) | Respond to of 198
 
You know my Chef friend said when he called AAFG that the secretary asked him how he found out about them and that their IPO wasn't until the 24th of this month.
I asked him if he was sure she said IPO and he assured me she did, I found it odd that she would say that, but am beginning to understand, after reading your post, I will try to find out more about what you have mentioned <And I've been told that about 95% of companies that come out of bankruptcy actually come out with New common shares to trade and the old shares are worthless.> and get back to you.
Best to those of us invested.




To: garyb who wrote (71)3/19/1999 2:37:00 PM
From: David Youngblood  Read Replies (1) | Respond to of 198
 
GaryB I do not have access to the actual plan, however the only way that the shares are worthless is if the company is reorganized through different financing after being totally dissolved. This is not the case with AAFGq. I do not know who you recieved your information from, but it does not apply to AAFGq. Actually it does not apply 95% of the time. All the restructuring will do is protect the company from creditors until they can get back on their feet, which if the news is correct, should be soon. Hope this helps.
Dave