INFE ... Infocall another Sleeper Message Board

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Microcap & Penny Stocks : INFE ... Infocall another Sleeper

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To: Theo who wrote (8341)	10/8/1998 10:25:00 PM
From: Little Engine	Read Replies (1) of 10343

The release sounds a bit strange... perhaps that is why the stock fell... <<<<Acromatech Group, Inc. reported unaudited sales of $1.5 million in fiscal 1997 and is projecting sales of $1.8 million in 1998. Pre-tax profits are expected to be in the 15% range.>>>> Questions unanswered by the release: How will they pay for the acquisition? How many shares will this cost while shares are going for .30? Is this an employee leasing or staffing agency? Makes a big difference, profit-wise. The "unaudited" Pre-tax profits seem awfully high given the falling margins for IT staffing organizations, as evidenced by HIR's earnings warning today: biz.yahoo.com How could INFE buy this company without an audit?

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