LENP.T (LXPYF-OTC.BB) Best story ever? Message Board

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Microcap & Penny Stocks : LENP.T (LXPYF-OTC.BB) Best story ever?

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To: Dan Turner who wrote (246)	3/24/1997 3:33:00 PM
From: Euan Hayward	of 619

I'm surprised that nobody has commented yet, so I guess I'll start things off. Overall I am pleased with the report. Certainly there are some rough edges to it, but I think they are out weighed by the positive developments taking place at Lenox. It is unfortunate that the numbers are not better but I think that some of the short fallings in the FY and 1Q numbers will become windfalls in the 2Q statement. Apparently a lot of things could not be counted in 1Q because Canadian regulations state that earnings can only be counted once delivery has been made. Presumably these deliveries should be made by and counted in the 2Q. The $400,000 worth of signed orders should go through in either the second or third quarter. Combined with even a fraction of the $600,000 of pending orders and any additional sales, Lenox should easily turn a profit 97. As far as I know the profit margins on the estalloy tools are very high which means that even small orders can have a large impact on earnings. That's all for now... EH

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