Medical Industries Of America, MIOA Message Board

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Biotech / Medical : Medical Industries Of America, MIOA

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To: TopCat who wrote (165)	5/21/1997 7:52:00 PM
From: Jones	of 570

I really never thought we would still be taking these bi-weekly dips especially with all the news thats been released. I guess that conference call to brokers had no effect at all. The incredibly large volume is due to the MM's and short positions in this stock. This short position is the only reason this company is below 3 dollars. There are only a handful of small investors in this company. Just about every share is held by the big boys. Turnaround situations are the most intriguing because a company will either quadruple in value or bite the dust. So far, I think MIOA is doing a very nice job. This company is growing extremely fast - A projection to have 10 cath labs in 98 as well as todays news release of the 2 additional facilties. Revenues this year are projected at 7 million. These could at least double by next year. Everything about this company is premature. The company promised people quite a bit 3 years ago in HLOA. Back then, things seemed as good as ever. It is only natural to second guess this company. A reverse split and a steep decline after don't mix well with investors. Just check out the 2 year graph nasdaq.com (about as sick a graph as you will ever see) By no means is any stock a guaranteed winner, but I think longterm that this is the closest thing to a sure winner. Expect the daily price swings until this short position gets resolved. I have done quite a bit of research on this company and have called them several times. The prospects of this company are amazing. But ---- They screwed up once, and they can screw up again. Be careful!!!!

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