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Microcap & Penny Stocks : Exigent International, Inc. (XGNT)

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To: Madeleine Harrison who wrote (50)2/14/1998 10:11:00 PM
From: GARY P GROBBEL   of 159
 
Mads and George...it does take time for a microcap to develop a following. When we profiled it last August no one had ever heard of it. I think the stock is gradually acquiring a higher profile, and the numbers released this past week for the year ended 1-31-98 should attract some institutions. $36m vs $29.5m and 30 cents vs a loss of 13 cents is bound to light up some screens.

We profiled it last August at 2.25 and it reached a subsequent high of 4.37 in October. Friday's close at 3.19 is within its recent range. My opinion only is that it will break out of that range to the upside in the near term. Numbers like that are customarily rewarded with higher prices.
If you go to
mcrr.com
you will see that XGNT was included in our best performer(s) list for 1997.
gary for the MCRR
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