TREY: The facts, observations and whatnot:
In 1996, TREY did a REG-S in an attempt to raise cash and boost stock price (or so it was explained to me). This backfired and brought the stock from 1.4 level down to a low of .02. Several of these investors in the REG-S bailed early, hence the failure of the plan. TREY has no intention of repeating this procedure (so they say).
The narrative of the most recent earnings report stated the following:
Treasury International, through its wholly-owned subsidiaries, Megatran Investments and Mega Blow Moulding Limited, manufactures and markets customized plastic containers. For the 9 months ended 10/31/97, revenue totalled $4.8M, up from $690K. Net loss from continuing ops. rose 65% to $1M. Results reflect the acquisition of Mega Blow Moulding, offset by greater carrying costs associated with the operations of Mega Blow and Silver.
Earnings will be released in one to two weeks. I am TOLD that earnings will be similar and the costs associated with the acquisition of Mega Blow will not reflect on this report. I am TOLD that future earnings will be significantly higher (for what that is worth).
Other concerns: S-8 filing to sell shares HAS BEEN EXECUTED. The proceeds from the sale of the shares went back into the company.
TREY is making new acquisitions now. These acquisitions will greatly add to the value and profitability of the company (it would seem).
News Releases: The company will not do a news release until acquisitions are complete. Due to the loss of respect by the failed REG-S and the S-8, the company wants to be sure that all details are settled prior to a news release. These acquisitions will be complete "shortly" and news will be released detailing acquisitions and planned direction of the company over the next 1-2 years.
Technical analysis of the stock: There is no doubt that the stock is under serious accumulation. The float is 22 million vice the published 5 million. The stock has completed it's decline and is moving up slowly (For Weinstein fans like me, this is a case of a classic completion of a stage 4 decline, stage 1 base and now moving to late stage 1 base to early stage 2). Obvious reflection of the accumulation. For those who like OBV, have a look. I was told by TREY yesterday that several interested investors have quietly accumulated 3-4 millions shares. It doesn't matter if this is true or not... someone has been buying a lot of TREY since mid Feb.
Finally: THIS INFORMATION IS MY OWN OBSERVATION COUPLED WITH PHONE CALLS TO THE COMPANY (Mr. Mayre Amesel- 718-377-1028) AND WHAT I COULD FIND FROM VARIOUS SOURCES ON THE INTERNET (MARKETGUIDE ETC..). THIS IS NOT A RECOMMENDATION TO BUY THE STOCK. THE PURPOSE OF THIS IS TO CLEAR UP (OR TRY TO ANYHOW) WHAT HIS COMPANY IS UP TO AND WHERE IT MAY OR MAY NO GO. INFORMATION GIVEN TO ME BY MR. AMASEL SHOULD BE TAKEN FOR WHAT IT'S WORTH. I WILL NOT ARGUE WITH ANYONE REGARDING THE COMPANY AND WHAT HAS BEEN WRITEN OR SAID. HOWEVER, THE TECHNICAL ASPECTS OF THE STOCK ARE INDISPUTABLE IMO.
Tom
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