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Microcap & Penny Stocks : CMOZ, next cmgi -- Ignore unavailable to you. Want to Upgrade?

To: WallStreetTips who wrote (710)	5/17/1999 3:21:00 PM
From: Leroyt	Respond to of 947

WST: Can't say as I agree with your opinion. Float is about 14-15 million shares, as I recall. Today we've got 3 million shares and climbing. All the loose shares got washed about below $2 in the last couple of months. With new site, CMOZ has proved they've really got something to offer. Resistance? From $1.50 last Weds. we've had: $1.90 on Thursday to $2.30 on Friday to $2.90 today!! With resistance like that, I'd be selling the stock as a HOT AIR BALOON. later and good luck to all CMOZ investors, leroyt

To: WallStreetTips who wrote (710)	5/17/1999 5:40:00 PM
From: Toby Zidle	Read Replies (1) \| Respond to of 947

What's the problem with 200 million authorized shares? That's neither the outstanding shares (42 million) nor the float (15 million). The 200 million shares don't influence per share earnings calculations, nor is it inherently dilutive. They are simply 'money in the bank' if CMOZ management chooses to pursue other acquisitions. The acquisitions make CMOZ a bigger company. We get assets in exchange for those shares. Buying new assets with stock can be bad for CMOZ (dilutive) or good for the company. No general assumption can be made. It depends on the shrewdness of management. And they look pretty shrewd so far. You see a red flag. A CMOZ Bull sees "Charge Ahead"!. Go CMOZ!