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Microcap & Penny Stocks : ERES - Energy Resources/Cox/Vitsab - Freshtags
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To: Micropicker who wrote (1)6/11/1998 5:57:00 PM
From: Micropicker  Read Replies (2) of 7
 
Shares Issued, etc.

There were 19,905,188 shares issued as of last July. Approximately 14 million are beneficially held by insiders, so the float is about 6 million (I'm guessing). The last quarter of the fiscal year ended on April 30, 1998, so we are likely to see the annual report issued shortly. Realistically, the company should not have any big surprises either up or down. The next movement of the company will come from either a test agreement or an actual production agreement for the Vitsab/Freshtabs products. If strong sales of Cox instruments comes through, it would also help. The company recently moved from Phoenix to North Carolina. Being in the one of the hot beds of technology on the east coast should help the company as well.
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