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Microcap & Penny Stocks : ACCY - Accsys Global Network, Inc (NASDAQ OTCBB)

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To: Needticker who wrote (865)2/5/1998 3:19:00 PM
From: Louis Riley   of 1574
 
OK - a little due diligence:

I spoke to the gentleman at Lyle Anderson Enterprises that handles the tournaments. March 30 is still tough as they have the Tradition the same week at another property (Desert Mountain) - but they are going to shoot for it. Be aware that the date could get pushed, though.

I spoke to Dave Marr III. They are still negotiating with sponsors and for television, but my gut tells me he is going to pull this off.

I like the story, I got long today.

PS: Even with 16.7MM shares out they should be able to net about $.074 this year (fully diluted and taxed), $.12 in 1999, and $.18 in 2000 (based on their projections and assuming a 40% tax rate).

No reason why the stock should not trade at a 50X forward P/E with that kind of growth rate. Ought to be a $4 stock soon.

PSS: The stock sure didn't go down much on the BAAT crash or my earlier negative post, did it? :)

PSSS: The guy who answered the phone early this morning at the company said he was "John Dennis". Quit being so paranoid. Just because most of the people in this penny are hypsters doesn't mean I am.
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