INNOVO (INNO) Message Board

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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 who wrote (302)	10/16/1996 10:35:00 AM
From: Del Eastham	of 4179

Earnings are not out yet. BUT!! over 330,000 shares traded this morning. all on the buy side. Some people know a good buy when they see it. If you know the story of Innovo, and see what they have accomplished over the past 2 years, you would see the whole turn-around picture. They paid off over $2 million in debt! made an acquistion, that with Pat Anderson's sales ability is able to get those NEW products(from the acquistion) into the retail stores. paid off the IRS debt. got rid of the unprofitable side of the business, ie, the licensning agreements with Accessory Network. came out of a bancruptcy of one of the subsiduary companies, AND they are still trading on Nasdaq. I personally think all of the restructering of this company is going to supprise a lot of people in early part of 97. I for one, give this lady a big pat on the back. She could have bancrupted the company and started over- PAT Anderson is also a shareholder, and suffers along with every other shareholder. Any CEO that can go through what she has with this company and still survive has got my vote. Del

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