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Microcap & Penny Stocks : ISGI ANYONE????
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To: Mike Sawyer who wrote (2166)9/5/1996 2:04:00 PM
From: Bob Ponko   of 2665
 
Until my post today, #2,161, I have sat back quietly as a nonmember and followed this thread with great interest. I have never contributed before. But I salute several regular posters who have made dynamic and articulate observations on a consistent basis here.
This should be no news to anyone here, but penny stocks are notoriously manipulated by several forces. Short trem price is controlled much more by MMs then by fundamentals.
Ultimately, every financial vehicle sells for what it is worth. Period.
This company has 10 switches, and very realistically will do $100 million in revenues in the next 12 months.
On a fully diluted basis, it traded today below $70 million ($0.70/share).
That is probably 1/3 of what it should CONSERVATIVELY be trading for.
Keep the faith, markets do work. Manipulative forces only have a short term effect.

By the way, reverse split fans should look at the record of Adac Labs (ADAC). It works if the company is sound, Mr. Flint is correct.
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