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Microcap & Penny Stocks : Current Technology Corp.
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To: LEEP8888 who wrote (6)7/2/1998 10:08:00 AM
From: Bruce Hopkins  Read Replies (1) of 14
 
It is my understanding that ONE has engaged a firm to assist them in their FDA application. The FDA's new guidelines require that they look favorably on any technology that has received the EU Mark within a three month period. With any luck that means this fall.
With sales to Europe one would expect that ONE will turn profitable late this year or early next year. Unfortunately the Asian debacle and failure of the former Canadian distributor to perform has hindered their progress. ONE is now planning to act as its own distributor in Canada with news forthcoming on this in the near future.
At some point in time it may be necessary for ONE to undergo a reverse split to boast its stock price so that it has greater appeal and is no longer considered a "penney" stock.
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