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Microcap & Penny Stocks : YOUR FAVORITE INTERNET PICK..... AND WHY ?????

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To: Stock Watcher who wrote (338)12/28/1998 7:41:00 AM
From: RikRichter  Read Replies (1) of 962
 
Ignore SLEU's high of 55, that was before a reverse merger in October, 1998. The co. does not yet file with the SEC but they have prepared audited financial statements indicating a net worth of $3.9 million. If there are 2 million shares outstanding then the book value is about $2 per share which means the current stock price is low especially for an Internet technology stock. Historically, the stock trades under 100,000 shares on a daily basis due to the slight float. Nevertheless, the pace of recent alliances with Inktomi, 24/7 Media and MBNA Bank and the upcoming release of its comparative shopping search engine for over 500,000 products and 200 online retailers are very impressive IMO.

Regards.
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