Spoke extensively with ceo just now..
98 rev 2.5 mill, 7-10 mill in 99,, 40 mill for yr 2000.. forecasted,, retail business starting on 3rd qt,, July,, escrow company going on line as we speak,, 40 full time employees.. have no problem meeting payroll,, had an outside analyst do an industry comp .. they gave PLNM value of 5 bucks a share,, based on 3rd qt nos.. I give 3 1/2 until further increase in membership and retail,,
We will see steady daily uptick,, management very conservative,, no outstanding debt other than 200,000 in debentures due 99 July ,, no bankruptcies or SEC violations or indictments,,
Asked him about market makers ,, requested his IR guy to talk to MMs and find out what's going on with spread and bid and ask screw ups..
This is a solid growing company,, with no hype.. |
