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Biotech / Medical : MTEN - expected 1000% revenue increase in 97
MTEN 2.720+6.7%Nov 5 3:56 PM EST

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To: GR who wrote (100)3/18/1997 10:11:00 AM
From: Tom Hofmann   of 279
 
I agree with you, GR,there is a lot of long term upside potential to this stock. It's in a dead period right now, though, and needs some proof of the profitability this year that Feakins hinted at. 22 photoscreeners sold to Spain($88,000) seems to have become small potatoes in investor's minds, judging by reaction to the news, and really is not much of an impact on the bottom line. But it is evidence of successful sales overseas.
The stock seems to me to be consolidating at this level. The breakout up or down would be dependent on news that changes the bottom line financially. Of course, with penny stocks you never know.
But, I am still long MTEN and will hold because I agree about the potential. I just wish I had sold at .93 and rebought now.
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