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Microcap & Penny Stocks : LSGT/NASDAQ/Lasergate: Virtual Concert Tickets....
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To: Frederick Weldon who wrote (112)4/4/1997 10:53:00 PM
From: Steve Dunlap   of 194
 
Frederick,
You ask if the "improved" losses are good or bad.....
My opinion is that LSGT is a turnaround situation and this
better-but-still-bad report is to be expected. In November
management held a conference call and mentioned that they
expected to report positive earnings for a quarter in about
mid 1997. This report of a loss last quarter was expected.
With revenues up, losses down and a management team
that seems to be executing a plan, I think there's hope.

As far as the spread and the action of the market maker goes,
I should really find some references and learn how market making
works....because from my position as a poorly informed stock market
participant who has been affected by wide spreads, it appears to
me that market making equates to having a license to steal.
Steve
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