Biosafe International, Inc [BSFE] Message Board

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Microcap & Penny Stocks : Biosafe International, Inc [BSFE]

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To: Zoro who wrote (132)	12/20/1996 5:52:00 AM
From: DCBEN	of 280

Jack, sounds like you live around the corner from the Fait haven dump! You may, of course, be right and the $10K hole BSFE has put in my portfolio is permanent rather than a big temporary pothole on the highway to riches (nice metaphor, no?)). I'm guessing not, however. In any case, the hole can't really get much deeper now, so I'll stick with it back up to $2-$3 (if it ever gets there) and reevaluate. My understanding is that we'll have one more quarterly report showing consolidation and writing off dead wood projects, clearing the books for FY97. I've also heard we'll get a company name change in 1Q and the acquistion of a few little cos to establish DUMP RECLAIMERS, INTERNATIONAL (or whatever they come up with) as a full service integrated solid waste disposal co. We should start geting revs from 2 more sites in 97 and at least 3 new project announcements. Financing arrangements for Mooretown (and posible Fairhaven) should also come soon, freeing up cash for S. Hadley and Buckland. If all this happens, we'll then see if the price remains depressed or begins to track anticipated revs. I can live with EPS ratios 10x rev anticipted one year out. Will still give the stock nice upside elbow room. Won't be able to get a good fix on such revenues, though till 2 or 3Q next year. Merry Xmas.

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