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Microcap & Penny Stocks : QDRX

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To: Steve Casey who wrote (2160)7/17/1997 7:55:00 PM
From: douglas scott goldstein   of 3977
 
If someone has the knowledge (or maybe if people pool their knowledge together), I was wondering what the total market value was for all of Quadrax's sporting goods segments combined. Also, is the shaft market only a $40M market? If this is the case, then why is everyone so excited about QDRX and shafts? Or, is it a $400M market?- even so, $400M is not that large considering all of the competition. I guess that I'm wondering if it is realistic to think that these guys will ever make more than perhaps $.05 in a year given the small markets that they're moving into and the 40,000+ shares outstanding. Will there ever come the day when a QDRX 10Q/10K actually has to write "000) in thousands" in their financial statements? I wonder... a $500,000 contract for sporting equipment is hardly even worth mentioning by a company who will need to net over $4M to even make $.10. Am I just being negative, or is our optimism completely unfounded?

DG
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