PHFR: A $50M Company for .71/Shr ?? Anyone Know ?? Message Board

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Microcap & Penny Stocks : PHFR: A $50M Company for .71/Shr ?? Anyone Know ??

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To: Danny Kim who wrote (10)	7/30/1997 2:09:00 PM
From: Colin Cody	of 21

There is no question IMO that from last year's loss the turn-around is 100% real. That loss was an aberration. . PHFR has gone UP from the reverse split, not down. . The price fell for these reasons and no others: WAY back when - it was a development stage enterprise it traded on POTENTIAL of Soluble Aspirin and some other items. . These conceptual products all feel through for lack of CASH. Then there was DILUTION to existing shareholders as a white knight came in and brought with it a cash-flow business operation. . The Company is now an OPERATING BUSINESS and it trades based on earnings. . Good Luck!! Colin

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