AUTO - good valued co.in recession free industry Message Board

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Microcap & Penny Stocks : AUTO - good valued co.in recession free industry

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To: PO Stahl who wrote (193)	8/13/2001 3:49:34 PM
From: PO Stahl	Read Replies (1) of 205

It has been a long time since we have seen the daily volume over 100,000. The price appears to be holding well in spite of a fair amount of short term profit taking (selling) today. It has been a while since I looked at AUTO's web site and I did today. It looks MUCH better. suntecktransport.com One thing I found interesting, on the Investors page, was that insiders hold 41%. That means that the float is just over 16 mil and of that, 9 mil are in the hands of some of AUTO's creditors who were given shares (one share for every dollar) as a debt settlement. Those folks are not very likely to sell before the price gets close to a dollar, so the REAL float is only around 7 million. VERY low for a BB company! I have to admit, when the merger with Sunteck was first announced, I had my doubts but the company is doing all the right things. They are following their business plan, growing the company without issuing stock left and right and appear to have the welfare of their shareholders in mind at all times. Heck, they are even showing a profit, something REALLY unusual for a BB company. Folks, I think we are going to do pretty well here. Have fun, Paul

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