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Microcap & Penny Stocks : Active OTC stocks

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To: John Hanzl who wrote (726)	6/25/1998 8:21:00 AM
From: Wink	Read Replies (2) of 1058

[SNLMF] Thanks John, reviewed them last night and all I can say is WOW! This company keeps lawyers in business as they paid about half of last years revenues in Accounting and Legal fees!!!! You mentioned $0.28 eps diluted while the financials clearly state $0.40 diluted and $0.50 basic. Are you using a more recent share count or something? Their measly revenues last year of >$2M is of concern as they hold that much in restricted accounts to pay legal losses. Until things look clearer (I need to do more DD) I won't give an opinion at this time. Keep us informed on this one, as there may be potential here. Thanks for the tip. ;>)

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