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Microcap & Penny Stocks : NORRIS COMM - Flash Disk OS

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To: alan rubin who wrote (234)10/30/1996 4:27:00 PM
From: Stephen Goldfarb   of 523
 
Alan: I don't know the answer to your question, but I recognize its aptness. However attractive this product, or series of products, may be from a technological viewpoint, there is no clear indication of its being accepted and valued by the market. The original device appears to have languished in stores as a high priced novelty item.

I have not looked into the capitalization of the company. But, in general terms, the company has expanded their outstanding shares, and have authorized yet further shares. It would be good to have an extimate or pro forma of projected sales, earnings, and earnings per share in order to make a judgement of share value. In the absence of same, share purchases are made on the basis of great expectations, but without much in the way of form or substance.

Steve
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