IECS- NASDAQ $0.50 stock won prestigious OIL and Gas... Message Board

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Microcap & Penny Stocks : IECS- NASDAQ $0.50 stock won prestigious OIL and Gas...

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To: Bobby Yellin who wrote (406)	4/20/1998 8:15:00 AM
From: Zeev Hed	Read Replies (1) of 747

Bobby, that would be nice (earning $.12/share), but that also means earning about $3.6 MM, and I just do not the see the calculus that brings us there. Not that I doubt it, but without knowing simple things like what is their current burn rate, what cash do they have on hand, how long does it take to put up a conversion facility, what is the break even of such a facility and what is the capital costs of such a facility, I have no way to determine if what people think ($.12) is wishful thinking or reasoned deduction. Where are the data backing these thoughts? If it is only management's promises, I just do not buy it. Zeev

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