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Biotech / Medical : Medical Industries Of America, MIOA

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To: lostmymoney who wrote (361)10/20/1997 10:13:00 AM
From: Mr. Miller   of 570
 
Sorry guys, couldn't help myself. 4.7 million shares!!!!!!!!!!
MIOA is so bad I can smell the stench through the computer. They now have 10 million shares outstanding(with more to go I am sure) and only(at best) 800,000 in earnings(bogus, non-reproducible) to date. They have managed to give away 8.5 million shares in less than three quarters and have LITTLE to show for it. With no new real acquisitions, meaning no near-term growth in revenues, the eps will be pathetic. Although, I am sure MIOA will find a way to factor in the legal settlement to help!
Is this the good news you were looking for James? Scooter, you should have gone with ABTX...

You know
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