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Microcap & Penny Stocks : QDRX

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To: Glenn Olsen who wrote (2232)7/28/1997 6:22:00 PM
From: douglas scott goldstein   of 3977
 
No chance Glenn. Let's face it; and I think that it's about time all of us wishful shareholders face it. QDRX's total market size for its products isn't even that big to begin with- and even if they took large shares of these relatively small markets (which would take years, if ever), given the 40k+ outstanding shares, it would be a tremendous feat for the company to even earn $0.10 a share. Come on, simple math fellas. Do it and you'll figure out in a matter of minutes that even if things were to go beautifully for these guys over the next few years, the tremendous amount of equity that this company has been forced into using for financing has literally destroyed all of their prospects of ever producing a reasonable EPS number. And, as for Palermo's salary... we should go up to Rhode Island with QDRX clubs in our hands and demand that his pay get cut substantially... $250k? To me, this number may be the true indication that management does not have the same kind of relationship with the company that they should have. I'm out. At least I'm only 23- if the stock moved to $1 three years from now, I would still have made a decent return.

DG
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