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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes

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To: TokyoMex who wrote (9809)4/23/1998 2:12:00 AM
From: kevin404  Read Replies (1) of 34592
 
Stock to keep an eye on, not a buy on...

RTNC Radiant Technology OTC-BB

I think RTNC may deserve a glance once they get their act together. This may alert some of you who are interested to keep a watchful eye and be ready for entry somewhere down the road if/when they do. Also, please PM me with critiques of this DD, as it's the first I've posted.

Company website: radianttech.com

Currently 1 x 2 1/8 (no joke - for reasons below), 3900 traded today at 1 1/32.

Radiant Technology Corporation is engaged in the manufacturing and marketing of infrared conveyorized ovens and furnaces used by the microcircuit manufacturing industry. For the three months ended 12/31/97, net sales rose 15% to $1.1 million. Net income totalled $122 thousand, up from $57 thousand. Revenues benefitted from the introduction of a new furnace line. Earnings also benefitted from higher margins due to lower components costs.

Second quarter earnings:

The company's second quarter net income was $0.10 per share compared with net income of $0.05 per share, for the comparable prior year period. This results in year to date net income of $0.17 per share, compared with net income of $0.08 per share, for the comparable prior year period.

Press release: biz.yahoo.com
Latest 10Q: sec.yahoo.com
Latest 10K: sec.yahoo.com

Book value $1.23
Cash $0.99
EPS 96 $0.14
EPS 97 $0.32
EPS 98 (2 qtrs) $0.17
Shares Outstanding 1.87M
Float 300K
Insiders hold 84% of outstanding shares

Take a look at the messed up chart on this one.
chart1.bigcharts.com:80/report?r=qchart&onbad=qbadsymbol&country=us&symb=rtnc&time=8&sid=20592&sec=c&xyz=2296656&s=12166

From what I gather from the net and elsewhere, and from casual personal observation over the last several months (if someone knows better, please spill the beans!) this stock would go very long periods without being traded at all. From the Yahoo thread, which is very limited:

-now 3 MMs where there was only 1
-at the annual meeting earlier this month stock price and liquidity issues were to be discussed

kevin404
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