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Microcap & Penny Stocks : ALANCO ENVIRONMENTAL: ALAN
ALAN 0.00Mar 8 4:00 PM EST

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To: Timothy R. West who wrote (41)2/12/1997 5:04:00 PM
From: john carr   of 402
 
Tim,
Do you feel we are dealing with an honest outfit? Although maybe a bit overzealous one.
My feeling is that we are. They just hired a guy who worked here in Iowa for the EPA or something and hell, we're all honest in Iowa.
The fact that the 10k's and 10q's all seem to show the weaknesses the company has are good. I'd be more leary if everything looked completely rosy. Good news though. If you didn't know their were two insiders who purchased (albeit small amounts in Dec. I believe). I can find the names and amounts if you weren't aware. Doubtful they's be buying if the company wasn't 1)honest with good prospects or 2)so dishonest that they're going to run the price up and get out. Money is money and if they do number to, hopefully we'll know when to get out.
I have said that I'm patient and will wait for the good things to happen. It's always good to know their are other believers besides yourself when a stock just drifts lower and lower.
One last good thing, this stock does move on good news. I don't know who follows it or does the buying but it does have a tendency to sharply move. This is good as opposed to some stocks that constantly come out with good news to see only slight upward movement.
Keep the faith all
John
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