Cheap imitation of Joe Copia ......ELXC Message Board

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Microcap & Penny Stocks : Cheap imitation of Joe Copia ......ELXC

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To: scang who wrote (48)	2/12/1999 6:25:00 PM
From: Lazarus	Read Replies (2) of 100

I'm out...and have an update. I spoke to Frank again today and got a little more information out of him. He has been somewhat tight lipped about the company, as you itw is non - reporting. I think that he is beginning to like me :). He also knows that if I buy many more shares I will have to be reporting to the SEC. He shared a little more with me today. Both good and bad. I will do my level best to be truthful about a company...both its positve and negative aspects. Apparently this stock was once 7 - 8 dollars [not 6 as I had stated] - before the crash. He has been rebuilding the company...and although he did not say this, I assume that he has taken personal responsibilty in keeping it afloat for the last 15 yrs. When I probed him further about Net Asset Value he said that he misunderstood my question prviously and that the does not have NAV of $500k but rather assets of $500k against liabilities that he beleives are around $700.00k As for the shares he said he owns about 30% of OS which would be around 660k. He said that he beleives their are 1 million shares in public hands and that most of those shareholders are very old -- and by that he means senior citizens now. These are folks who bought into the company 18 yrs ago. He is quite confident that a pop of up in the stock price is not going to have these ppl rushing to their broker to sell shares. As a result of the crash the company took, it has a 7 million dollar loss carry forward. Frank would not be averse to a reverse merger with another company. A profitable company in the same industry [SIC CODE = electronics..misc] could reverse merge into ELXC and save a bundle of $$ in taxes. Here is how that works. A company has 7 million in net earnings. It does a reverse merger into Elexis and spins off Elexis. The company would save 40% or 2.8 million in taxes... Of course ELXC would want about half of that...but either way the savings would be enormous. Of course it doesn't have to be company with 7 million earnings in one yr...it could be a profitable company that spreads the loss over the allowable period. He asked me to email him the info on the reprting requirements, which I am doing today. His email addy is: elexis.corp@worldnet.att.net Also...I have a link to a web page of one of Elexis Corps distributors: clickshopping.com I believe all the trademarked electronic products are Elexis and if you look close you can see the name on some. That is all for now. I will keep you up dated and this info will go out in newsletter. Barginstocker

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