Dollar and Under Sleeper Stocks Message Board

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Microcap & Penny Stocks : Dollar and Under Sleeper Stocks

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To: Frank Fontaine who wrote (2907)	12/3/1997 9:43:00 AM
From: shawn a. becker	Read Replies (1) of 8835

ITSI ready to make a move again. The firm recently anounced a 20 million perferred offering of which thier largest shareholder committed 5mill already . The co. already has 4mill in cash and no debt.The last time this happend was in 93 and the stock went to 201/2 shortly there after.The only reason they would need money is to fund major projects.They have also hired a PR firm a move they told me they wouldnt do unless they had something to talk about because of the expense.The selling momentum is drying up.MACD turning up .and the stock is getting very tight. I know where approximatley 70% of the stock is held and its not coming back anytime soon.I could see this thing going to 5 to 6 before yr.end on the news i am looking for.

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