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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: Del Eastham who wrote (365)10/29/1996 10:02:00 PM
From: Jon Scott   of 4179
 
With all the potential this company has,I am surprised that the price remains at .25 cents
18 mil share time 25 cents =4.5 market cap and the company(Kirk Miller) expects 15-20 mil in sales next year
Even if debentures are exchanged tomorrow,that only brings it to 6-7 mil market cap
That's below this years sales!
I'd buy the whole company at this price.
Who's got 5 million to lend?
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