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Microcap & Penny Stocks : INTERNET stocks under $5 that are ready to move -- Ignore unavailable to you. Want to Upgrade?

To: RLM who wrote (28)4/16/1999 2:56:00 PM
From: Bernard Levy  Read Replies (1) | Respond to of 47
 
The 50 cents on a diluted basis came from a spectrum sale
for $32M, and an operating loss of around $20M. Its cash burn
rate is about -$3.5M per Q, and it has essentially no revenue.
It will be in bankruptcy court within the next 12 months.
Sounds to me like you found yourself a real winner. NOT!



To: RLM who wrote (28)5/9/1999 12:58:00 PM
From: CIMA  Read Replies (1) | Respond to of 47
 
MGVN - Ready To Move:

I'm hearing takeover rumblings from what I would consider to be a reliable source:

Message 9401660

In addition, I just received a copy of their 1999-2000 business plan:

Message 9415349

I believe they will be on the BB within two weeks and the stock price should be heading north from there. The share price has appeared to form a base at or near its current range.




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