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Technology Stocks : SLIC Semiconductor Laser Intl.

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To: Paul A who wrote (85)11/27/1997 3:36:00 PM
From: k sanford  Read Replies (2) of 174
 
to: paul A
I am a local in Binghamton, NY and a losing investor of SLIC also. A recent article
in our paper might be of interest. SLIC may lose their listing on
NASDAQ because of one of the following reasons: a. price may fall below
$1 b. market capitalization falls below $35 million or c. required
$500,000 net income in the latest fiscal year or two of its last
3 years. Burnham is suggesting a profit for next year but the way
things are going, it is of doubt.
They ar paying people with stock, such as a recently hired public
relations firm was paid with 3 year warrants worth 750,000 shares
of common.
I have tried to email this co with specific questions but get nothing
but glowing reports and "spin" from the Communications Director.
I really became suspicious of this management team when I recently
noticed Burnham's wife is now Vice President of marketing. A real
cozy family organization at a good salary?
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