SVCDQ, temporary board? Message Board

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Microcap & Penny Stocks : SVCDQ, temporary board?

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To: Arthur Tang who wrote (22)	2/26/2000 5:27:00 PM
From: Arthur Tang	Read Replies (1) of 66

Now that stockholders calmed down some; we have to have a plan for the Fleet Retail to be comfortable with. The business plan was necessary after the DIP banks pulled the rug when X'mas receipts repaid most of the loan. The new financing was born out of the necessity to remodel the stores. After SMC received the letter of commitment, and the credit facility is confirmed; the business plan should be changed to reopen some of the stores closed in 1999 rather than remodeling. Each additional store can increase revenue of $10.3 million this year. And the profits based on the hot products and TV promotions, should give SMC a great year. The GDP of this country is in great shape. Business in retail is expected to increase 3-10% this year.

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