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Microcap & Penny Stocks : Total Research (TOTL) can not find any info on this stock?

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To: stewart kagel who wrote (215)7/2/1998 3:28:00 PM
From: Carl Wysocki  Read Replies (1) of 233
 
Stewart, I view the announcement with a slight negative bias.
Perhaps the new directors bring some business savvy to the
organization, so this can't hurt. But, the new investors have
board representation totally out of whack with their ownership
interests.

I have a bit of concern about the potential for $25 million of new
debt or equity. While TOTL has been making good progress with
their improvement, I still believe they have a ways to go completing
the turnaround, before they start defocussing their efforts with acquisitions. My guiding principle on penny stocks is to look
closely anytime one tries to grow through acquisition. But,
acquisitions sometimes fill a strategic need, although TOTL has
yet to articulate this need.

I'm more interested in seeing how the current quarter shapes up,
although I may bail before earnings are announced. While I'm
still waiting to see if this is an "investing" stock, it's still a pretty
decent trading vehicle.

Carl
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