Keystone Energy Services - KESE on BB Nasdaq Message Board

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Gold/Mining/Energy : Keystone Energy Services - KESE on BB Nasdaq

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To: TMAZZ who wrote ()	11/11/1997 1:02:00 AM
From: William Nelson	Read Replies (1) of 307

Anybody know why volume was over 1M today? That is almost 10% of the outstanding shares. Who is selling/buying? I think this is a very interesting company despite the sleazy promotion scheme. Also let's not forget LBOR, promoted by FSS and now at 25. KESE needs to make 2.8M to get to P/E of 25. With 5% margins that is 56M in resold electricity, about 1/40 of the california market (if memory is correct..) Seems like they might be able to pull this off if IPO cash can pay for the advertising blitz. What I can't determine is what percentage of total power is really available to these resellers. They also have a division that is going to recycle rubber tires... this is somewhat disturbing. Why bother if power reselling is so great. I haven't bought...all this trading with no movement makes me wonder.

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