Footmaxx YFT on CDNX Message Board

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Gold/Mining/Energy : Footmaxx YFT on CDNX

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To: Rob who wrote (15)	1/2/1999 9:02:00 PM
From: Cush	Read Replies (1) of 64

Hi Rob: Thanks for posting the results of your research and your conclusions. You said Note these are only my personal opinions based on about an hour of research - It must have been a full hour, you've put together quite a lot of info, especially regarding the involvement of the VenGrowth fund. I have to agree with at least two of your negatives - trades only on OTC exchanges which are subject to greater manipulation and less regulatory requirements - financials - always worth questioning with OTC companies What were the most recent financials you were able to find? You have provided some good info. I've had Footmaxx on a back-burner for a while, I'll take another look at their news releases. In the notes to the 2nd quarter financials, they said- The net loss for the six month period ended June 30, 1998 was $4.0 million compared to $2.8 million for the same period in 1997. This loss is primarily the result of continued significant investment in developing the United States market, the company's proprietary software, information technology infrastructure and new laboratory production capacity in Toronto and New Hampshire. The question regarding profitabilty is whether they have invested a large part of that $4.0 million in real assets such as manufacturing resources and the facility in New Hampshire. I have to say, I trust no one; particularly with these OTC stocks. This is a speculative stock. I do know the industry somewhat (worked in Medical Device sales for twenty years). The year-end financials this year will tell a story. I'm still holding and have added to my position. If I have anything further to add, I'll post it here. Again, thanks for your input.

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