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Microcap & Penny Stocks : MDMI - Italian Bakery Extraordinaire!
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To: Due Diligence who wrote (3336)8/1/1999 11:13:00 AM
From: DuGen  Read Replies (1) of 3584
 
Great post DD. You brought out some important details. All bankruptcy debt has been erased and all unprofitable accounts have been closed. That sounds like a great big jump in the right direction. For me, this is one of the most important facts to consider.

I don't think MDMI will wait until Jan to file their 10K. OK, I pray they don't. They should expect questions from the SEC which can post pone their acceptance until after the dead line which is not something we want.

$50,000 in new equipment shows growth in production. From what I've heard from eye witness accounts, this was also a serious need.

Albertsons is a debatable issue. I'm not real sure this is proving to be a success... or failure.

Skeleteens soft drinks with no production costs! I'd need some amplification on how this can be.

Bottom line, if the SEC has questions about the 10K, it can post pone the acceptance up to 90 days. So I figure, to be safe, that we should see the 10K by the end of October to allow for this 90 day extension. I think Verrill is right on track with his objectives and he's doing it by the numbers. It's taking a little longer than most of us like, but it'll happen. He's doing the right things in the right order.

Again, thanks for the post.

DuGen
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