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Microcap & Penny Stocks : IECS- NASDAQ $0.50 stock won prestigious OIL and Gas...

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To: john schwartz who wrote (14)2/5/1997 6:35:00 PM
From: Rob C.   of 747
 
Dead as dog $hit....down again on 90,000 shares....

John,

There are about 25,000,000 shares outstanding and about 8 to 9 mill in the float. From what someone told me today, there are between 1.5 and 2 mill shares short at 5/8's. I cannot verify this info. I do know that I have tried calling Mr. Walter Kolbe and as yet have not received a call back from him. I am so frustrated with this stock right now I could scream. But I will sit tight. I have been told that many new substaintial news releases were forthcoming.

We will see.

Regards,

Rob
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