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Microcap & Penny Stocks : LENP.T (LXPYF-OTC.BB) Best story ever?

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To: Kit H. Lou who wrote (70)8/22/1996 1:26:00 AM
From: Dan Turner   of 619
 
Kit, yes, it does appear the buying increase (for the moment) is over; and yes, it happened before the release. Not surprising, I suppose, when you consider how long they sat on earnings before finally releasing them. I was most impressed with the update(s) that accompanied the earnings.

On the NASDAQ plans: I've only heard rumors, but among them is that they have moved that item to a high priority. Other than that, just speculation about how soon they might make the move. I originally had it pegged (in my own guesstimate) for late calendar year 1997 or 1998, but if it's true that management now has it as a priority, it could be much sooner. I agree another good quarter should get Lenox's stock price into range -- but we also know how perverse markets can be.

I also think in terms of all the different fronts they are moving on. Any one of them could supply an annoucement that would be hugely favorable for the company.

Did you notice the mention of yet another aspect in which some Lenox products appear to be superior to current ones -- i.e., their strength to weight ratio? Depending on the details, that can be a pretty compelling selling point.

Regards.

-DT

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