QDRX Message Board - Msg: 2696203

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Microcap & Penny Stocks : QDRX

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To: Brent who wrote (3074)	11/11/1997 2:46:00 PM
From: J. Davies	Read Replies (1) of 3977

Brent - the press release was very cleverly written but there are some problems with it :- 1) The 2.5 million backlog - We had the Spinergy announcement two months ago of a $2 million contract. Presumably that was an annual contract so (being kind) they still have $1.7 million in that backlog for Spinergy. That leaves $800,000 in backlog split between golf, tape, hockey, lacrosse, handlebars and industrial - that is not good and it is not the rate at which this company should be growing! 2) Hockey - Brad Park has been on board six months and his only success has been one rooky player? What happened to the OEM contract we had with the pultruded sticks? For that matter - what happened to the machine that was on order - is it installed and working? Maybe Jim Mills can find out about the machine? Brad is selling to teams - what about sales to the OEMs like Branches, Easton etc.? 3) Lacrosse, handlebars, snowboards - not mentioned! In the back lot with the tennis stuff I assume? I have commented on the lack of perseverance before. JD

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