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Microcap & Penny Stocks : SANI-TECH INDUSTRIES INC. (SNTS)

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To: Coral4pH_dot_com who wrote (289)1/6/1999 6:59:00 PM
From: Lazarus  Read Replies (1) of 389
 
>>>If anyone knows why this stock has been trading for SO long, please post <<<<

I can tell you. The paper of many defunct companies still trade. I can give you a long list of companies that no longer exist, yet the paper trades...but like SNTS - you cant find anybody that knows anything about the company. Paper in these companies is like an abandoned car on the highway that has been stripped by a bunch of thieves. There is a legal owner...but he doesn't care, cuz the vehicle isnt worth the price of the tow. In fact, since he is the legal owner and liable for the charges...he might change his phone # and get a new address so he isnt tagged for the tow and/or any other damages or fees [such as storage] associated with the vehicle. If somebody does manage to run legal owner down...he says "who me?? NO! I sold that car to someone else a long time ago." ...and then hangs up on you.

Now for those of you who might be thinking to buy this worthless paper --- think twice. Penny stocks are a big enuf gamble without throwing your money out at nothing in an attempt to get something back.

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Here is a little company that is trading in the penny range. It has a real phone #. Real pple answer when you call. There is a NOT a gazzillion shares OS. They are not bankrupt or in litigation. They have a real product and real sales. They have a web page on the internet. And they are working hard to turn things around and make some $$ which is what it is all about.

EYLT : www.eyetel.com

go here for the letter to shareholders and company update:
eyetel.com

make sure you read this part:

Results to date

Starting in March of 1998 we hired a representative in Washington DC to help us identify and meet with 8a resellers, midsize, and large resellers that would be interested in representing the EyeTel product line to the government. In July we had identified one 8a, 2 midsize, and one large integrator that were interested in having the EyeTel product on their GSA Schedule. In August we were accepted on the Federal Systems GSA contract. In September we were accepted on Intellisys Technologies GSA contract. Currently we have been submitted and waiting approval for Vanstar, GE Capitol Systems, and Systems Plus. Along with this we are currently working on the paperwork for Klein Technologies to add them to our reseller list.

In the education market we currently have an OEM contract in California. As soon as our Windows 98 product is customized for them, they will be marketing our products under their name. Their projected sales for 1999 is for 200-500 units.

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I am not recommending that anybody buy the stock and pleeeeze dont think I know anything about trading penny stocks --- cuz I am dumb as wood...I am just pointing out what I found.

Barginstocker
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