Biosafe International, Inc [BSFE] Message Board

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Microcap & Penny Stocks : Biosafe International, Inc [BSFE]

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To: Hong-Lee Yu who wrote (15)	8/14/1996 6:18:00 AM
From: DCBEN	of 280

Hong-Lee Tu, I think that most earlier predictions should be taken with generous amounts of salt. The new management is quite clear that they are reviewing all of the potential projects and cutting back to the most profitable for the time being. The last release I saw predicted 2 for cy96 and 4 more for cy 97. I spoke to the IR firm yesterday and he feels that an announcement of a third project to be underway (generating $$) in 96 was still very possible. If you assume that each 400T/da project will genrate $5M a year in revenue, the $10-$40 estimate might be a bit of a stretch. We'll see what Bob Mitchell/Westergaard 2000 has to say in his next BSFE update, which is due out soon. For long investors, I think the major point is that with Mooretown (to be on line in Sept. (400 T/da)) and Fairhaven at 150, we have a startup co in the black and a technology quickly proving itself in a potentially HUGE market. Market share will come, and the share price will rise..

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