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Microcap & Penny Stocks : IECS- NASDAQ $0.50 stock won prestigious OIL and Gas...
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To: Gary S. who wrote (401)4/18/1998 10:17:00 PM
From: Zeev Hed  Read Replies (1) of 747
 
Gary, I have been following TTRIF since above 3, and I am still negative, despite the recent little rush. We get these rushes every few month and strangely enough they are always turned back just to make new lows. I think that they are not finished with the floorless, the number of shares keeps growing (close to 60 MM now) and the operation still consists more of hot air than anything else. One of these days, it might be a good investment, I see not when.

As far as IECS, I really have not found any INDEPENDENT data (like SEC filing) that I can analyze and understand, so I have no position one way or another.

Something however is clear to me, if there re about 30 MM shares now, and people believe this stock is going to 1, someone must believe that sales of this company will exceed $30 MM sometime in the foreseeable (three years?) future. That is fine and even possible, but where will they get the money to generate these sales? Just working capital to support this level of sales is at least $10 MM and I do not expect them to generate this in form of profits in this time period. Once I see some numbers I should be able to make a more educated guess.

Zeev

Zeev
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