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Microcap & Penny Stocks : SIIS (Struthers Industries)

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To: Jack Louie who wrote ()6/9/1997 11:50:00 AM
From: Larry Schnitt   of 709
 
By the looks of the volume traded this past week and the volume traded so far today, we can speculate on two things. 1. The volume is high due to primarily raiders looking for a quick buck in minipulating the stock or...2. Someone knows someting and is accumulating large amounts of CHEAP stock. We can only hope that the later is correct. All we can do is speculate since the company isn't saying a word. Personally, as more time elapses I am getting more and more concerned that the company is having REAL PROBLEMS raising the necessary capital for the build-out. I also was told that Struthers had divested itself of Rosecolor wich was a profitable division of Struthers. I was told that it was sold mainly to obtain the funds to payout the law suit that was settled last year. If anyone has any further news please let us know as I am sure our concern grows as every day passes without any commment from the company.
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