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Microcap & Penny Stocks : Inotek INTK
INTK 0.000001000-99.0%Jun 3 1:06 PM EST

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To: dealmakr who wrote (92)5/4/1998 9:22:00 AM
From: J.M. Grindle  Read Replies (1) of 156
 
To ALL: Glad to see some interest being generated on this thread. It has been quiet for too long. Friday I got my buy order filled bring my basis down to .81 and now I am ready to sit back and wait for further activity.
I too am interested in whether or not INTK plans on a reverse split or if they will just remain "RE"active. I have felt that this is a good little company and one of the few that I got into that was making money. I am not that concerned if the go for a year or two trying to recover from the DUKE loss. My feeling is that management will be taking steps to cut expenses and replace the loss of duke with other more stable accounts.
I'm a committed long on this account and feel comfortable with where the price of the stock is. The run up a month ago was more of an anomaly (or a TexMex mentality of pump & dump). Hopefully, the May 28 deadline will be met by INTK and the price will reach 1.00. I am not counting on it however.
The equation I am working with on this company is: Good average stock price + reasonably profitable + a sedative = Long term gain....
Best to all. Keep the info flowing. I appreciate the interest and information others have to share whether its postitive or negative. At .50 a share I have got to believe this to be one of the better opportunities out there. I hope I'm right.
Jon
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