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Microcap & Penny Stocks : AIRP

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To: the hube who wrote (97)6/20/1996 12:01:00 AM
From: Joan Osland Graffius   of 487
 
Hi John, I don't have 4th quarter results, but have the March 31 quarter results, which are as you stated above. If my memory serves me right the Air Box is around $2.50, but who knows what it is in quantities. I do know some of this quarters sales were the Air Puff boxes that they had in inventory. So it is hard to tell what is in these numbers. The office in Canada could give you a break down.

Yes they had big time problems last year building the production machines. The air valves were leaking!!!!!!!

BTW they stated that they are going to quit manufacturing the Air Puff line and concentrate only on the Air Box for Static/Moisture Barrier and Cushioning. I like this they are getting focused - Big time.

I think we have a winner here. I have been trying the figure out what could go wrong and can't come up with anything. Can you give me something to worry about.:)

I went in last week and added to my position. Bought on the VSE. Did a tripple down. I figure on this one the dealer has a 6 and I have a 10.:)

Joan
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