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Microcap & Penny Stocks : Ustman Tech (USTX) formerly Watson Gen (WGEN)

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To: arizona_ice_tea who wrote (3)1/1/1997 4:30:00 PM
From: arizona_ice_tea   of 73
 
Stock is around $1 now.

I don't think that the stock could go further down. According to
different Market Makers this stock was hit by big tax-loss-selling.

Company released FY96 result two weeks ago. See www.wgen.com!!
The revenues in the 4th quarter were up 82 %. Unfortunately the income
doesn't look good yet. WGEN is still in talks with major oil companies
to get contracts for monitoring a huge number (5'000 UST's) of tanks. If they would get one of this contracts WGEN would be profitable right away.

Happy new year

Michel
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