Medical Industries Of America, MIOA Message Board

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Biotech / Medical : Medical Industries Of America, MIOA

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To: lostmymoney who wrote (245)	8/14/1997 2:06:00 PM
From: Mr. Miller	of 570

Mike: I would like to know where everyone went, too. However, though I am still optimistic about MIOA, there are some concerns here. Do you not agree? Wall Street is not stupid and neither are we for that matter. We believe this company will be a bargain in the near future once MIOA grows to a higher level and realizes operating profits... The PR firm paints an excellent picture as well they should, but they are telling me that "their people" are saying MIOA should be at $4-$5 range. Based on what??!!! I have been trying to be optimistic in my last few thread comments, but they are still losing money from operations!!! Yes, revenues are up and so forth and so on, but each quarter they would have lost money if it wasn't for one time gains-legal settlement and sale of cath lab(I am not holding my breath for any cath lab company acquisition). Morrell is not very upbeat when it comes to this next quarter. He says eek out positive earnings-which may become a loss regardless of what MIOA does this time. This is a real concern in the short term. Wall street knows this and so does the so called Swiss Advisory Group. Certainly the problems with Columbia/HCA(based in Florida?) are not helping the industry. I also hear that there are still 4 boys left from the reg S junk-9 were settled with back in April. This is also a slight concern when it comes to the stock price. Speaking of which, it is noteworthy that the stock is hovering at $2.00 for no particular reason. Well, pre-split this stock is a weak $0.10, and perhaps that is why I think $2.00 is the base for upward movement. If ABTX were to have a real bad day and find its unlucky way back down to 4 or 5, I am out of MIOA baby!!! Miller

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