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Microcap & Penny Stocks : INCE - Intercell info???

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To: Jamey who wrote (1696)6/11/1997 7:44:00 PM
From: Michael Renbarger   of 3358
 
What's the value of CalTube?

Greetings, James and all. I usually lurk, but with all that has transpired, I have been moved to respond.

I got in on this "deal" with EDVC conversion about a year ago. What convinced me to jump in at the time was the comment, derived from the Stockman Forum, that CalTube revenues and profits justified a share price of around $1.00, regardless of what else INCE did.

Well, INCE has done precious little, except acquire PIC. My question is has that situation changed? What value can revenues and profits derived from CalTube be projected as a share price for INCE at some minimal P/E ratio? At that point, we can then know what value the street gives to PIC and Sigma 7, and maybe determine what potential exists, if any.

I can remember Truman stating numerous times that CalTube was the key to all that Intercell ever achieved or will achieve. That may be a statement that rings more true than ever.

Mike R.

P.S. Have any of my fellow EDVC boat-people seen their first 1/6 tranch show up yet? Nothing here yet.
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