*AV*---Drum Roll Please....Brrrrrrrr...Brrrrr...5000....5000....5000
You are all so kind. And thank you Shawn for slipping one in on us. Without you this moment could not have been accomplished. I am also sure many of you were holding back your posts such that I could achieve this landmark number. So to all of you, thank you and you've made a sickly flu kinda guy happy tonight.
Now onto business. listening to a great deal of chatter on these subjects, I am wondering how much confidence the community has that:
KNIC will hit 8
IOM will clear 17.5 by 2/20
PRGS will clear 16.5 by 2/20
MTSN breaks 12.5
As many of you are aware, I do not like trading in stocks below $5/share as a general rule but a request was made for an inexpensive stock to be listed. I have not invested any money into the company I am about to name so if I decide to invest it will be on the same footing as everyone else. This stock is unfortunately thinly traded and therefore it is my belief it can be manipulated. I have been tracking the price of this stock between $1.90 and $2.10, roughly speaking. I have also shared the name of this company with 2 individuals on this thread who are now requested to come forward and verify that they indeed were given prior knowledge of this stock.
I want 3 things clearly understood.
1. I am not invested in this stock yet and do not know if I will, given the market environment. I may just wait and see how it fares over the next few weeks.
2. I would not recommend anyone chasing this stock up past $2.25
3. There is plenty of time to call or send for the research report on this company such that you can make your own decisions.
nStor Technologies, Inc.
100 Century Blvd.
West Palm Beach, FL
561-640-3133
Research Report from:
RJ Falkner and Company
PO Box 1230
Crested Butte, CO--81224
970-349-0846
Fax 970 349 0852
Stock Symbol NSTT
Formerly called IMGE, Inc., the company develops, manufactures and markets fault tolerant data storage devices for computer networks (RAID). In June of 1996, the company purchased Seagate Storage Systems Group (formerly Connor Storage Systems Group, a division of Connor Peripherals) from Seagate Technology, Inc.
January of 1996 the company was selling at 0.40-0.60
July of 1996 it spiked up to 1.80
Aug/Sep 1996 it settled to the 1.00 range
from Sep/Oct it steadily rose to 3.20, where it then fell apart around Dec 1996 to an unstable 2.00-2.70 range.
Presently at 2.00
With the increased need for RAID, research report indicates projected sales for year ending 12/31/97 to exceed $40 million with earnings at 0.20 per share and a projected 60% increase in pretax profits and EPS of 0.30 per share in 1998. Company is practically debt free ($510,000 in convertible debentures outstanding) and cash rich.
Shares outstanding 18,670,000
Estimated float 11,000,000
Insider ownership 39%
Institutional Ownership NIL
Average Daily volume 90,000
My reply # 5000 gift to the group to digest and discuss. Please do not run out and buy. Let the intellegencia on this thread make the call. |
