SFTY...POS alert!!! can u say AATK?
ignoring(?) the preposterous run friday of 400%+, the company has a number of compelling<sic> attributes:
"SFTY is engaged in the business of selling and distributing industrial safety, cleanroom, laboratory supply and first aid products. The company, through its subsidiary, also provides consulting services and sells personal care and nutrition products. For the nine months ended 3/01, revenues rose 32% to $860 thousand. Net income fell 73% to $29 thousand. Results reflect higher personal care product sales, offset by $139 thousand start-up costs for Blue Marble."
1) Distribution of the mystery product is web based, a powerful distribution channel if ive ever seen one
2) The company is a Nevada based corporation...home of the place where the carleasing company that had an affiliated lab in spain that had a cure for AIDS in rats about a year ago (UPCA..?. Now, there's nothing wrong with incorporating in Nevada mind you...but
3) the company lists 80 Orville Drive
Bohemia, NY 11716
Phone: (631) 244-1454
as its location on YHOO
4)and 100-31 South Jersey Avenue Setauket, NY 11733 as there mailing address in there NT10-K of 10/01
5)and the chairman, pres, and CEO makes $32K, while none of the other officers earn a dime (I know,I know, plowing profits back in for investors benefit)
6) and the company has no earnings
7) and no institutional sponsorship
8) and they are late in there last SEC filings
Message 16531036
now, I ain't saying that this is a scam company, but I wonder if the insiders are gonna start selling soon?
Personally, I think this trades under $1 within a week
LMAO!!!
Allocate and prosper!!
Backman |
