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Microcap & Penny Stocks : NORRIS COMM - Flash Disk OS
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To: alan rubin who wrote (234)10/31/1996 2:41:00 PM
From: Stephen Goldfarb   of 523
 
As of August 15 of this year, there were 22,308,611 shares outstanding. In addition, there were warrants and options. I recall a statement that the company's costs per month were $400,000. They were not selling enough existing product to overcome their costs. They reported sufficient funds to operate, without a change in the above figures, for six months. They will either benefit from increased product sales, or will need to increase financing. The options were elegible for exercise starting August 2. I don't know if anyone is liquidating, but it is possible. Assuming their product sales increase, I don't know what is an achievable figure. One would have to weigh that unknown against the number of shares outstanding to make a guestimate of share value. Evidently a number of critical factors are coming to a point of confluence sometimes in the next 6-12 months. Steve
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