For anyone still holding VLAB... (as I am...)
A post from VLAB thread:
" Trade show starts tomorrow in Switzerland: Worlddidac -- Basel, Switzerland, May 12-15
Hall 331, Booth D15 . Great exposure for the company (nice scenery, too!)
Company mission: (From 10ksb 3-31-98)
The Company's short term strategy is to develop or acquire image
capture solutions for specific niche markets in education, audio visual,
identification and medical applications where it already has distribution
resources and can provide value-added solutions.
Financial data: wow! Nice ratio!
Common Stock Equity 3.3 --Shares Outstanding (mil.) 3.2
LIQUIDITY AND CAPITAL RESOURCES
Working Capital, consisting principally of cash, certificates of
deposit, receivables and inventories, was $3,019,056 at December 31, 1997 and
$2,124,418 at December 31, 1996. The ratio of current assets to current
liabilities was 4:1 at December 31, 1997 and 2:1 at December 31, 1996. Working
Capital ratios have continued to improve due to the Company's positive cash flow
mainly due to the net income.
Perhaps some news will come out of the meeting:
NOTICE IS HEREBY GIVEN that the Annual Meeting of Shareholders of VideoLabs,
Inc., a Delaware corporation (the "Company"), will be held on Wednesday, May 20,
1998, at 3:00 p. m., local time, at The Metropolitan, 5418 Wayzata Boulevard,
Minneapolis, 55416 for the following purposes:
Shareholders of record at the close of business on March 31, 1998,
are entitled to notice of, and to vote at, the Annual Meeting. At the record
date 3,285,143 shares of the Company's Common Stock were issued, outstanding and
entitled to vote at the Annual Meeting.
The trade show coupled with the annual meeting may bring some much needed publicity to this underfollowed
company. "
I sold some @ 1 1/2 and held some.
Is it a buy at these prices? Maybe not, but worth a look, and perhaps a slot on the watchlist. I'm glad I held some. (for the moment)
MG |
