Medical Industries Of America, MIOA Message Board

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Biotech / Medical : Medical Industries Of America, MIOA

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To: Mr. Miller who wrote (372)	10/20/1997 4:10:00 PM
From: Jamessmith	of 570

To ALL: The S Regulatin deal was offered by the previous managment. If I am right, the company has received $1.50 for each convertible share before. It's no doubt it is bad to our investors, as indicated by the new management who has assured no more S Regulation, period. Though I can take a 30% profit now, I am not going to do so. Because I am always looking into the future of a company, not the past when I invest a company. Even with 10 MM outstanding shares, the company is confident to make $5 MM net income ($0.50/share) next 12 months. As the average of industry PE is 20, I don't see any reasons why MIOA can not reach $5-10. The company may has also been ready to buy back some stocks, trying to make up for US investors as soon as they finish two acquisions. Have good luck to all! James

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