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Microcap & Penny Stocks : Service Systems International Ltd. (SVSY - OTC BB)

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To: thomas who wrote (297)8/2/1998 9:17:00 PM
From: Krukov  Read Replies (1) of 527
 
Thomas & All:

It is nice to see that some of the SVSY's executives are laying their own money on the line. It bodes well for the future of the stock. However, I must caution that some of these shares might have been received from the company as compensation for services rendered. We have to remember that SVSY does, from time to time, pay its employees in the form of stock issuance. With the recent financing announcement, I hope that they will not have to do more issuances in the future.

Does anyone know how much is SVSY's monthly overhead, so we can approximately determine how long they can last without revenues from any contracts. I hope that management does not get complacent as a result of the new financing, thinking that they have money in the bank to keep the company afloat.

We need contracts and fast; with the end of the year fast approaching investors will start thinking about selling for tax loss reasons and if we stay at these levels, it will not be pretty.

Happy Investing.

VERY LONG on SVSY

Krukov
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