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Microcap & Penny Stocks : CCEE Breaking Out
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To: Stan Price who wrote (7445)10/28/1997 7:09:00 PM
From: IncredibleHult  Read Replies (1) of 12454
 
Stan,
Good points. Lets not forget their cost and expenses have been increasing 25% year to year and 52% over the last 3 months ended 6/30/97. Furthermore d.b.express was responsible for the majority of that increase. Softworks is definitely the cash cow. My prediction continues to be that they will lose a few cents or more this quarter. Remember also that our equity is now spread over a 130 Million shares and soon to be a great deal more if we don't vote those proxy amendments down.

To me this press release is typical. Revenues increase by such and such amount. When 10-Q time comes however they never earn a cent. They attempt to distract investors with Business Wire releases and hide the truth in EDGAR docs which tell how the company continues to fund operations through the issuance securities. Don't get me wrong, I'm happy Softworks continues to produce high rates of growth but this company will not make money for shareholders until d.b.express can pay for itself. The truth is, it may never.
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