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Gold/Mining/Energy : SCS Solars Computing Systems Inc.

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To: cash money who wrote ()10/14/1999 8:07:00 AM
From: DJ  Read Replies (1) of 1201
 
From Canaccord's daily letter Oct. 13.....

SCS Solars Computing Systems Inc. (SCS : VSE : $0.78) David Wong (604)
643-7739

Recommendation: BUY
12-month target: $2.25
52-week price range: $1.80-0.75
Shares O/S: basic 35.8M
fully diluted 44.3M
Working capital: $2.8M
Long-term debt: Nil
Weekly trading volume: 135,722
Market capitalization: $34.6M (f.d.)

There have been some negative rumors amongst Internet chatroom users,
that insiders are selling their large holdings in SCS Solars or that
certain members of the board of directors have received free stock to
come on board. Management assured us that these accusations are false.
Except for the private placement of $2.3 million back on June 8, any
insider movement of SCS stock has been the transfer of shares into
family trust accounts.

These rumors have caused the stock to drop down to the $0.75 range,
making it an attractive opportunity to buy. We are maintaining our
12-month target price of $2.25. SCS Solars is a BUY for the
aggressive investor.
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