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Microcap & Penny Stocks : Airstar Technologies, Inc. (ASTG)

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To: Mike Schwartzman who wrote (61)8/9/1996 5:50:00 PM
From: baystock   of 3967
 
I originally thought the stock had the potential to be 5-10 dollar stock. But after the price drop of the last few weeks I took another look at the facts and I have changed my assessment. The only way the stock can hit 5-10 soon is on hype. Personally I think the promotional literature and press releases by the company have been somewhat deceptive and vague, especially regarding the number of shares outstanding and the number of military subscribers that they would have by this year. Based on the military bases earnings potential, I only see 2-4 dollars sometime next year. I sure would be interested in knowing how you come up with a 5-10 dollar price target for the short term. I do acknowledge however that the company has the potential for 5-10 dollar share price if you are a longer term investor (2 to 5 years)
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