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Microcap & Penny Stocks : Intl. Absorbents (IABS, formerly IABSF)

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To: Mesaba who wrote (80)5/7/1997 11:08:00 PM
From: Russel W. Kennel   of 206
 
This is a classic example why you don't put all eggs in one basket. Even when you watch the basket it can drop you out.

Just hoping the fundies are in place and as previously represented. There is no way to bail out on this one. This stock is so cheap that management could probably buy out the whole company with their credit cards, and I am wondering now, why they don't since they were so excited about the company's prospects! (I'd like to see management with at least 20% of the stock so that they have a vested interest in what happens, rather than just the fat salaries.)

See what happens.

Russ
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