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Microcap & Penny Stocks : HGRM--Any Followers?
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To: GemSeeker who wrote (1815)2/2/1999 10:42:00 PM
From: Ted M  Read Replies (1) of 3576
 
GemSeeker, although revenues are small (less than 3 million a year, I think), they have been growing steadily, and the company has reported a small profit something like 7 quarters in a row. To me the important issue given the magnitude of the contract is the shares outstanding, and the good news is there are only around 6 million outstanding. I don't know what the float is but I assume much lower. These figures I have a 11 months old, so maybe someone can confirm or provide an update.

My take is while one must always be skeptical with a BB issue, IF this news is accurate $8 a share is dirt cheap. The news is almost UNFATHOMABLY POSITIVE. JMO. Best of success to all. Ted

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