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I've never heard of this company until today when I received this newsletter: ___________________________________________________________________ CFCnews COMMERCIAL LABOR MANAGEMENT INC (OTC BB:CLMID) All I know is this, it is already up 500%, but it will go another 500% if the info I got is true. Word is the company is buying back all the shares in the float after a reverse. As far as I know the internet is not in this one and if you do not daytrade it, it could just keep on going. I just bought more at .61 and trying to buy at .85 now. Just my opinion, but this one could be the biggest hit in a long time. Good Luck, Mike ___________________________________________________________________ Recent volume/price are as follows: Prices Available: 09/22/98 through 10/14/98 Ticker: CLMID Date Volume High/Ask Low/Bid Close -------- ---------- ---------- ---------- ---------- 09/23/98 5,000 0 5/16 0 5/16 0 5/16 09/24/98 46,000 0 3/8 0 5/16 0.33 09/25/98 45,000 0 5/16 0 5/16 0 5/16 09/28/98 149,000 0 5/16 0.20 0.20 09/29/98 74,000 0.20 0.13 0.15 09/30/98 181,000 0.14 0.12 0.14 10/01/98 95,000 0.14 0 1/8 0 1/8 10/02/98 119,000 0.14 0.13 0.14 10/12/98 12,000 0 1/8 0 1/8 0 1/8 10/14/98 230,300 0.98 0.20 0 15/16 ___________________________________________________________________ Also, here's the most recent 10Q (dated August 4, 1998) August 4, 1998 COMMERCIAL LABOR MANAGEMENT INC (CLMID) Quarterly Report (SEC form 10-Q) MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION BACKGROUND During the fiscal quarter ended June 30, 1998, management continued to seek an operating business to acquire or with which to enter into a business combination. There is no assurance that the Company will be able to make a business acquisition in the future. RESULTS OF OPERATIONS The Company did not incur operating expenses or earn revenues during the fiscal quarter ended June 30, 1998. The Company does not have the funds to pay any of its accounts payable at this time. Services for which payment has been made by the issuance of Common Stock in the Company have not been recorded as an expense because the Company's stock is presently deemed to have no value. Accounts payable to the independent certified public accounting firm will only be paid in cash if and when cash is available. LIQUIDITY AND CAPITAL RESOURCES The Company had a working capital deficit of $25,875 as of June 30, 1998, comprised of accounts payable for accounting and legal services rendered for the Company. As of June 30, 1998, the Company has no tangible assets and total liabilities of $25,875. The Company presently has no operating businesses and no sources of revenue, capital or financing. If the Company identifies a business to acquire and needs cash to accomplish the acquisition, then it will have to issue stock or incur borrowings in order to obtain such funds. There is no assurance that the Company will be able to obtain additional funding, if required. There is no assurance that the Company will be able to acquire an operating business. ___________________________________________________________________ I don't know what the float size is. I cannot find any information on the company whatsoever. If anyone has any info on this company, please send me a message. Thanks in advance, YoshoBear | ||||||||||||
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