To all,
First of all, I did find a listing of the stock quotes, so if you were looking, you can stop now. Thanks, though.
Second, I talked to I.R. today for a brief time. I understand that it takes between 25 and 30,000 dollars to open up a site. Considering they have around $4 million in cash, they should have room for ample growth. Maybe they need to float out some more shares eventually, but hopefully they'll be getting some cash from existing sites by then.
COnsidering they'll now be opening a new site about every 6 days (4-6 a month), they should have about 60 open by year end. Those sites signed up during Nov. and December will come online during 1999.
Considering all that, I really think some of the estimates for $.65/share this year are a little too high. 1999, though, should see hypergrowth.
I would be a shareholder by now, but unfortunately, the stock lacks positive momentum. It hasn't been outperforming the market....and until a stock has sponsorship, it won't go up, no matter how good you think it is.
However, once the stock breaks into the double digits and gets listed on the small cap NASDAQ, I do believe the stock will attract new buyers. After reading a couple of research reports the company sent me today, I'm still convinced MCAR has as much potential of any stock I've ever seen. Let's just get the stock price moving!!
ACey |
