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Microcap & Penny Stocks : IECS- NASDAQ $0.50 stock won prestigious OIL and Gas...
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To: BILL HOJNACKI who wrote (90)12/21/1997 5:24:00 PM
From: BILL HOJNACKI  Read Replies (1) of 747
 
The latest press release may have been misleading. It states that the Amherstburg plant should produce in excess of $6 million in revenue, or $.10 - .12 per share. It doesn't say in what kind of time frame, it could take 20 years to generate that kind of income. After doing some research on hog farming, I calculate that a farm that houses 1000 pigs, could only make a couple of hundred thousand a year at best, no where near the $6 million figure. My fault for assuming too much.
Still, this is not a bad niche to be in, the company may do quite well.

Bill H.
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