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Microcap & Penny Stocks : INNOVO (INNO)
INNO 0.0790-21.0%Jan 21 4:00 PM EST

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To: Diane Richard who wrote (273)10/8/1996 6:24:00 PM
From: John   of 4179
 
Diane,

From recent talk and press releases from Patricia Anderson-Lasko, we were all under the impression that the next news release will be another one with negative earnings, and that positive earnings will not be forthcoming until (possibly) the second quarter of FY97. Do you know something that we do not? My position is 30,000 shares, but I don't wish to buy any more right now if negative earnings are on the way, because that will likely drive the price down considerably. BTW, I don't see how any news other than positive earnings will raise this stock's price. All the great sales numbers and contracts, and license agreements in the world will not foot the bill UNTIL things are verified by positive earnings, which we have yet to see. Plus, I'm not entirely convinced that more shares are not going to be issued. My guess is that the next earnings report is about 10 to 15 days away...

Frustrated, waiting, and being eternally patient...
John
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