Jon, I finally have to say it: YOU'RE FULL OF BS AND ALL THAT OTHER CRAP and you severely demean logic and truth! The below describes some more about your great Hayton basher.
What's the famous line about people who live in glass houses? Oh yes, Kevin Licthman sure did promote stocks. When he started this thread (how many others are out there?) DRIP's high was 6 1/4 and it's low was 5 3/8--today it trades at .375. I haven't gone through all of the posts on the DRIP thread. But as you'll see, most of them are negative. I should note that most Zulu posts are at least positive.
But as recently as September 3, 1997, SI DRIP posters were still asking Kevin questions about what was happening with the stock. I should point out that the stock currently had a last trade of 0.375 with a bid of 0.31 and an ask of 0.437. It's average daily volume is 9,3000. How can this man possibly complain about Hayton?
SI: DRIP (ticker symbol)
Started By: +Kevin Lichtman
Date: Jul 22 1996 10:59AM ET
From www.insidewallstreet.com
Spa Faucet, Inc.(OTCBB: DRIP) "When A DRIP Becomes A Flood"
In an article in the Investors Chronicle newsletter this month, Jimmy
Holton writes "Savvy investors that want higher yields will want to
target small cap stocks that are projecting larger than average revenues
and earnings increases. "California based Spa Faucet, which became
public barely three months ago, exemplifies these growth
characteristics. But, as a result of their "back door" IPO
through reverse merger, news of this profitable and fast growing
company's success is still virtually unknown to investors.
Spa Faucet, Inc. has been manufacturing and distributing decorative
faucets and accessories for 19 years. Until recently, Spa concentrated
on low-quality, low-margin "loss-leader" products. As competition for
low-end products intensified, the company changed its strategy, focusing
on higher-quality, higher margin products that are price competitive
with the top brands. With an infusion of working capital in late 1995,
Spa Faucet was able to increase manufacturing
capacity leading to increasing sales and profits. Spa Faucet products
are now carried in Home Depot, Lowes and other major hardware stores.
Even more exciting, company revenues which have grown the last few years
are about to explode as SPA rolls-out national distribution and expands
its product line. Spa currently offers over 40 items in chrome,
porceline, brass and 24-Carat gold plate.
Already, in its first quarter since the merger, SPA reported .07 a share
profit on $2.4 million in revenues for the three months ended 6/30/96.
Based on current product orders, the company expects to exceed those
figures in the next couple of quarters. Revenues for 1996 are projected
to top $17 million with annual earnings of about .40-.50 per share.
Spa shares are currently traded on the OTCBB under the symbol: DRIP. The
company has filed an application for a NASDAQ Small Cap listing pending
submission of its initial form 10. A NASDAQ listing would greatly
increase its exposure to investors and maket makers. More importantly,
as word of Spa's earnings gains a wider audience, share prices are
likely to trade at higher multiples.
Hot Stock of The Week at a glance:
Company Name: Spa faucet, Inc.
Ticker Symbol: OTCBB: DRIP
Company Contact:Leonardo Sudman
Address: 8926 Comanche Ave., Chatsworth, CA 91311
Phone:818-718-9305
7/19 Close: 5 7/8
52 week high*: 6 1/4
Low*: 5 3/8
Estimated float: 1 million
Shares Outstanding: 5.1 million
* 52 week high/low since 3/31/96 merger only
And then there are these comments from thread participants, most of them feeling burned. I haven't read through them all, just about 25 of the more recent ones. Do some digging, if you like.
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