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Scrooge McDuck

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Scrooge McDuck

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Re: az2820 post# 4099

Wednesday, 03/24/2004 1:06:34 PM

Wednesday, March 24, 2004 1:06:34 PM

Post# of 7045
Marie, more about JRVR....
Their last 10Q showed only 24M OS, but then they issued another 40M,(S-8)....
Usually, in the Pennies, this means Management is dumping stock and getting rich, but that doesn't appear to be the reason here.
They they closed on an acquisition, for which they paid 20M shares.(8-K).
Now the OS is about 44M, still low for a Pennystock.

This acquisition is apparently what's pushing the PPS up.
I hope you get a good ride.

"Aim low Sheriff...They're ride'n snakes"
as usual...JMHO..SMD

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