TXCI- Highlights of Conference call after the bell on Friday:
recap of conference with Joe (President TXCI),
1. he is as surprised as we are about the price, with all the good news that has been released, the revenues and the trend they are taking..
2. he expects $60,000,000.00 in revenue by years end 6/30/00 and profits by then or even sooner..
3. all equipment is running at max now, but the new equipment will be up in 2 to 4 weeks..with better equipment than first ordered.
4. 17 employees now and hiring
5. 10k will be out by fri 10/29/99, and the Q's will follow the next week. the figures are the same as released on the 18th
6. share holders meeting will be 01/29/00. and each year after that in jan.
7. nasdaq requirments are coming together. had to clear up the law suits, now he can clean house and get ready..
8. he has never planned on this stock being a $2.00 stock. his vision is for $20 to $40.00 stock..
9.MCI... SENT ARTHUR ANDERSON THO CHECK OUT THE COMPANY, BEFORE THEY TOOK THE STOCK SHARES.they spent 4 days going over books, checking the direction and plan for the company.. they liked what they saw.. there will be an alliance with them in the future. they looked at an internet company, long distance company, an international long distance company, and the hit lotto..
10.. we are just beginning to get the story out..a company with high revenues coming, fine tuned, and almost dept free, soon to make a profit,
11.SHARE BUY BACK PROGRAM... 3800 SHARE HOLDEWRS with 4 to 100 shares.. the program is still working and each day he receives stock certificates in the mail to trade for time...has been very successful
HIS ADVICE TO THE LONGS IS TO BE PATIENT AND SIT TIGHT, YOU WILL BE REWARDED |
