EcoTyre Technologies (ETTI) Message Board

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Microcap & Penny Stocks : EcoTyre Technologies (ETTI)

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To: TATRADER who wrote (35)	4/20/1997 7:15:00 PM
From: The Vortex	of 82

Mark: What do you mean by Reg S? They issued 2mil more shares at $1 in the fall of '96. Currently there are about 5 mil shares outstanding. I do not know if they plan to issue more, although I would be surprised if they did. They have a working factory generating substantial revenues. <<<<<If they can give a statement that benefits the shareholder in regards to financing, that does not involve a dilution of shareholder value>>>> What do you mean by this, Mark? Are you worried about ETTI issuing more shares? What would such a statement say? They are being tight-lipped about their estimated date of prifitability and current sales volume. I spoke with Jackie Stiles numerous times in Feb as they were adding shifts and increasing production. If they sold 800K worth of tires in 4Q 96 and have since increased production, then it seems 1Q 97 may be over 1 mil. They are still buying equipment (molds, buffers). The profit margin on the tires varies with the size and kind of tire, but it is generally about 30-40%. They are currently increasing production of higher margin light truck tires. I do not know when they will be releasing 1Q 97 results, but I really would like to see them!

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