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Microcap & Penny Stocks : Service Systems International Ltd. (SVSY - OTC BB)
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To: SCRIBEALIVE who wrote (330)2/8/1999 2:34:00 AM
From: SCRIBEALIVE  Read Replies (2) of 527
 
Part 1.

Private & Confidential
Without Prejudice
(c)Scribealive, 1999. All rights reserved.

6/3/98 "Service Systems International Ltd. has received a purchase order for an UltraGuard UV (Ultraviolet) disinfection system from the municipality of Rosemere-Lorraine", "the total purchase price of this installation is approximately CDN $420,000.00" "This is the third in a series of contracts announced over the past five months." "Total sales from these contracts have now surpassed $CDN 750,000.00."

My emphasis: John and Ken mislead shareholders into believing there were actual sales here. There has not been one significant funds from any of these three contracts. There is only a shed of truth to it. Read the quarterly.

But that didn't stop the boys from parsing it to the max:

"The Company is actively pursuing other UV system sales from its International inquiry book which now contains in excess of US$160 million in tendered projects."

I admit that I have recently learned that the aforesaid book does exist and they do have over $160 million on the books, but instead of it being on paper, they boys put it down on paperthin sheets of gold. LOL!

Part 2. XFD, to be continued...
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