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Biotech / Medical : MIOA: A Great Turning Around Story
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To: Jamessmith who wrote ()9/18/1997 7:59:00 AM
From: Mr. Miller   of 11
 
James, what the heck are you talking about? Contracts??? Moving to 4-5 dollar next week. Give me a break. The earnings are bogus, the revenues are tiny(though significant improvement over last year) and extremely slow growth thus far. No new revenues have been added over the past three quarters. A small company needs to acquire faster than that if it will go up in price.They have increased shares outstanding from 1.5 million to 5.5 million in the same time. No new revs, bogus earnings, and dilution, not to mention a significant short position. There is no way this sucker will see 4.00 in the next year, let alone next week!!! Have you seen the independent report about MIOA. Very unimpressive!! I had hoped morrell could do better faster. Have you noticed the continuous delays in opening the damadian-related fixed site. How about the cath labs that were supposed to be delivered. They are not walking the walk my friend. They still have not closed the deals they announced Aug 18, 21. What the heck are they doing. Where are all the deals they said they were working on. And now they are saying they may settle with the remaining offshore reg S guys with more stock. If they are lucky, they will post 1 million in earnings for the year and that will be a piddly, bogus .18eps. And as new as this company is, right now that is a multiple P/E of 10. Extremely generous if you ask me...4.00 would put that multiple at over 20. I think not!!!

Miller
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