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Microcap & Penny Stocks : AUXER GROUP INC (AXGI): New start for AUXI

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To: nick pace who wrote (1441)10/3/1998 5:00:00 PM
From: DavidO  Read Replies (1) of 1492
 
Nick,dch,
He did not say anything about press releases and I am not expecting anything significant at this point. He said they are slowly creating inroads to new contracts. He mentioned 17 new contracts with Carquest to stock their halogen light under the Carquest name.
The most significant thing I got out of our conversation was that this is the first time he spoke so openly in all of the conversations I've had with him. He went into detail about his Formula 2000 and how on older engines it can increase your gas mileage anywhere from 1-6 mpg. He claims to drive an older Eldorado Cadillac that has 200k miles on it and says his goal is to get it to 300k miles. I was so impressed that I ordered a bottle over the phone.
I feel there is very little downside to this stock at these levels and minimal risk of this company going bankrupt. Not even Mark Schultz is pumping this stock anymore. I will probably average down here shortly so that any appreciation in stock price could easily change my ink from red to black.
BTW...warrants do expire at the end of Oct.
regards, DAVID
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