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Microcap & Penny Stocks : MDU Communications Inc. - MDTV -- Ignore unavailable to you. Want to Upgrade?

To: RICE who wrote (285)5/27/1999 10:37:00 AM
From: Glenn Petersen  Read Replies (1) | Respond to of 994
 
Yesterday's trade did not involve the issuance of any new MDTV shares, so there would not have been any cash infusion into the company. These shares were from the old shell. However, the trade did eliminate a large block overhanging the market.



To: RICE who wrote (285)5/27/1999 10:41:00 AM
From: diddlysquatz  Respond to of 994
 
No, the actual block trade was 1 million shares. It was "printed" twice. This is a normal occurance with a market maker system. The proceeds would be closer to US$1.5 million or about C$2.25 million.

Cheers,

Paul


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