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Microcap & Penny Stocks : HIPC - up 20% (Record 4th quarter projected)
HIPC 1.120+2.8%Jun 5 5:00 PM EST
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To: Wade who wrote (123)10/12/1998 7:51:00 PM
From: mannyj  Read Replies (1) of 213
 
Spoke to Gary Smith on Friday. He told me that they are paying $l.70 a bushel for corn and that they will be on Wall St. Week on PBS, November 6th or 13th. That should give the stock a boost. He intimated that they would not make money for the last quarter and that they will have earnings released around Oct. 19th and will also have a conference call. I asked him if they are going to do a little more PR on the co. and he said they will. He expected the law to be passed and signed by the Governor in California next year. He sound very up-beat for next year. I asked him if they are looking to buy any other companies and he said there are some for sale but they are still not doing anything.He also said that if the price were right, they would sell out to a bigger company but nothing is happening in that respect either. I got a good feeling from the conversation. They expect to do something with the better grade ethanol and he also said that the 10,000 mail trucks might mean something to them if they could get enough of them in one area so that they could send them ethanol on a direct basis. We will have to wait for Jan or Feb to see this stock move up.
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