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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50] -- Ignore unavailable to you. Want to Upgrade?


To: Ga Bard who wrote (2006)5/7/1999 5:27:00 PM
From: Joe Lyddon  Read Replies (1) | Respond to of 4766
 
Cash, baby, CASH... Just another asset...

But you can do all kinds of things with cash...

If the Co. owns an asset that it really doesn't need anymore, converting it into cash (selling it) helps put the value to better use.




To: Ga Bard who wrote (2006)5/7/1999 5:33:00 PM
From: Bucky Katt  Read Replies (1) | Respond to of 4766
 
Cash, lots of it, per share. They just could not compete in that segment, so they sold it for a nice pile of cash. Plus the plant will be sold also, for another 1.5 million or so.
Maybe they get a clue and buy a i-net portal or something, who knows, but it can only help.

They still have over 100 patented things they make and sell, so you get all that for zip. This is a penny value play in a market that ignores such things. This then obviously is not a day trade.