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Microcap & Penny Stocks : INNOVO (INNO)
INNO 0.0790-21.0%Jan 21 4:00 PM EST

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To: John who wrote (291)10/15/1996 10:43:00 AM
From: Del Eastham   of 4179
 
John, I don't know of anything negative, RE: Innovo. I don't think they will see profits until the 1st and 2nd quarter of 97. I think, because it has been quiet,(no news releases, etc.) there has been a lot of impatient sellers. I for one, will wait. As far as a delisting on Nasdaq. I think their shareholder equity is above what is needed to stay on Nasdaq. I really think this is a turnaround company, that with a little patience, we will see the rewards.
Del
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