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Microcap & Penny Stocks : TPII explosive growth potential

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To: NASDBULL who wrote (157)1/23/1997 6:25:00 PM
From: baystock   of 511
 
<TPII's IR person, Philip Beaudoin, said "conservative" estimates for this fiscal year are earnings of .30/share. Current Outstanding shares = 12.5 million. A forward PE for 97 would be $.96/.30 = a 97 forward pe of 3.2. By the end of the year if we can assume that they are making money and the market gives TPII a pe of 25 we may have a stock
price between $7 to $8!! The only way this won't happen is if this stock is a scam! However, from the press releases I don't think it is!>

My comments are that IR persons do lie (or exaggerate if you want to be kind). After all they are paid by the company to persuade people to buy and hold that company's stock. Does anybody have experience with or opinions on the track record of the IR firm Oxford Investor Relations and Philip Beaudoin ? The press releases did not make any earnings projections whatsoever. Why is the company hiding behind their IR firm to make such projections ? I am not sure how a company with no contracts or revenues whatsoever can make so called "conservative" earnings projections.

Ofcourse it is possible they can earn 30 cents, but based on information that is available, it only has some unknown (to me) probability of happening and is by no means certain. This stock is a speculation with possibilities. Unless one were to visit the company and talk to management and see some financials, one cannot be any more confident in this company's prospects than to view it as a gamble.

Ram
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