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Microcap & Penny Stocks : OTC Shell Search and DD...

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To: Ga Bard who wrote (149)	3/19/1998 1:46:00 PM
From: campe	Read Replies (1) of 858

Gary, I received Richard Ulmer's President's Letter that was sent to INVI shareholders for Notice of Annual Meeting 04/17/98. It included financial statements. A couple key points... Fiscal 1997 (ended Sept 30 '97) loss of $0.09 for the year and only $0.01 loss for the 4th qtr with positive cash flow since then. And now I quote: "The Company's plan of operation is to seek a suitable merger partner in an effort to preserve and hopefully enhance shareholder value. Invito is a clean public company, free of debt, with a diversified shareholder base that should be attractive to an appropriate merger candidate." They are maintaining and preserving the Company's core business while merger possibilities are pursued and they are doing it with positive cash flow. Their preferred merger partner, Miragen Inc., is still on hold due to delays in Miragen obtaining additional financing. Looks like INVI is a clean, debt free, public shell, which is also making money to stay afloat...and all for $0.07. Any thoughts or comments?

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