Quintek Technologies, QTEK data archival etc.. Message Board

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Technology Stocks : Quintek Technologies, QTEK data archival etc..

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To: DELT1970 who wrote (320)	10/16/2000 6:27:34 PM
From: Kailash	Read Replies (1) of 406

Re Annual report - Well, they've been selling better than last year -- Statements of Operations For the Years Ended June 30, 2000 and 1999 2000 1999 Sales $ 934,214 $ 638,526 Cost of Sales $ 743,906 $ 674,429 ------------ ----------- Gross margin 190,308 (35,903) Yet this improved result is due in part to the fact that they're paying their lawyers and consultants with stocks, cashing in on their investments to get listed on the OTC. Net Loss Per Share dropped from 65 cents in 99 to 43 cents this year. That's still a pretty hefty loss and the company might run out of cash. Still, the deal with Imation and a ood and useful product suggest they could start growing now that they've accomplished their goal of getting listed. Doesn't look like they have much debt. They've been issuing a lot of shares though, possibly to people who sell right away and in any case creating a selling pressure. They have the products, the perfect partner (Imation), OTC listing -- the coming year will be the test. Since their technology is an improvement on the common alternative, they may get people switching to them even if the economy turns down. freeedgar.com Kailash

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