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Microcap & Penny Stocks : Phoenix Information Systems

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To: Gary E. Johnson who wrote (39)	7/24/1997 4:34:00 PM
From: george wood	of 98

Gary, I know pecisely how you feel. I have bought as low as .50 per share and was in before Soros and company. The price was originally driven by the news of Soros envolvement, and was hyped tremendously. Insiders bought and for the most part held. But things moved very slowly in China and there was a large negative reaction to the incredible future share prices painted by insiders. Several years one insider told friends that they were buying large sums of stock for family members in anticipation of $50 a share within a year. These incredible projections along with unkept promises alienated many who may have continue to hold. Company seems to have decided to just move forward without all of the BS. A major plus. Once the company shows some money coming in the price should appreciate. There will be some bumps up until then and hopefully we are at the bottom. The potential cash flow is huge and this is why Soros and company are in. China Southern is just the beginning in China, they should be able to gain contracts with most major carriers as they are the only licensed system other than an antiquated governmental system which is seriously inferior. Keep the faith, the future should be rosy indeed. George

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