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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: John P. Traynor who wrote (281)10/12/1996 4:23:00 PM
From: John   of 4179
 
Right. This is consistent with what I have stated since the last quarterly earnings report came out. I continue to believe, as I have for some time, that INNO will keep sliding slowly until the April 97 earnings report. That will be the first opportunity for INNO to post positive earnings. It wouldn't surprise me to see the price slip to 9/32 or less between now and early next year. Also, keep in mind that there is no guarantee that even the April 97 earnings report will be positive. We may eventually come to the realization that INNO is a big dud. Until April though, I'm going to hold, and may even average down a bit more. I will be extremely surprised if the next earnings report is in the black.

John
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