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Microcap & Penny Stocks : AUTO - good valued co.in recession free industry

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To: Dusty who wrote (48)3/25/1998 3:25:00 PM
From: Dusty   of 205
 
To All but Jeff... Grin:

I finally got to talk to the President. The secret is to let all the stuff on the automatic maiden (answering machine)go through it's speel and hit 0 for the operator. She will connect you to the live bodies.

The company is doing all the right things to get back on board. But the industry has been hard hit. Money has dried up for the time being.

They are laying off people in an effort to reduce company expenses. Scott, was honest when I asked him about corporate salaries. He said those have not been reduced. Reason: He needs his key people and if he reduces their salary they have no incentive to work to turn things around but to seek employment elsewhere. This does make sense... Now, I did not specifically discuss HIS salary and the possibility of a reduction... grin.

Next report due out soon, is not going to ge a good one so be prepared.

I am still a hanging in there, and as always will go down with the ship if need be.

Dusty
Is anyone averaging down?
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