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Microcap & Penny Stocks : Saliva Diagnostics (SALV)
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To: Harold who wrote (1826)12/8/1997 10:05:00 PM
From: Jim Berg  Read Replies (2) of 3369
 
Harold
The agreement with the Asian Bio-Tech plant in Singapore
has been ended, A common misconception in this thread has
been that the facility in Asia was owned by SALV. It was not
and was costing SALV dearly, The subcontracting Pharmaceutical
co was basically getting the profit while SALV Kept an ongoing
sales machine working, Guaranteeing sales for the facilities
being built in Vancouver WA when it was complete.
The facility In Vancouver is now operational and appoved for
production for overseas markets.
Production is now ongoing in Vancouver.
As an additional note to the above statement, The elimination
of a middleman and resulting profits, Probably make the
agreement with Bio-Chem possible. Otherwise I doubt that a
price margin to work a distribution agreement with even existed.
SALV is probably in a better position now than at any other time
in their history
1. They have a facility they " we " own and control.
2. They have customers around the world " Due to the former Asian
production agreement ".
3. They can now make a viable profit on their sales. " Not
possible under the subcontractor agreement they had "

Other but very important

4. The company has little debt 6% of current capitalization.
a loan would cause a loss of profits, And that is why we as
investors are better off with the expansion financed through
new shares being issued.
" If the new shares were to pay for old mistakes it would be
a dilution of equity "
" Since the new shares are to be used for growth they have
equity unto themselves."
Jim
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