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Microcap & Penny Stocks : Streamlogic(STLC)(formerly Micropolis-MLIS)

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To: Jerry Ciotola who wrote (82)10/20/1996 9:04:00 AM
From: Jean Luc   of 114
 
Frankly I see no "hint" of returnning to profit in their news replease, at least not in the near future. The relocation won't be finished before two quarters from now and the money saved is only about 0.7M per qtr. To make the stock fly, I think they need at least 20M/qtr sale and a profit of about 1-2M before too long.
Please bear in mind that if the stock exchange ever goes through, they would have more than 30M common shares, not a small number for a company with current sale of only 13M/qtr and substantial loss.
JL
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