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Microcap & Penny Stocks : lzmcf-lasermedia

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To: Francois Goelo who wrote (19)	3/11/1999 1:06:00 AM
From: GARY P GROBBEL	Read Replies (1) of 274

Francois...the financial info I have in my notes (wherever they are) is for 1997. I believe they are auditing last year but I do not know when that will be finished. According to their ir they know they need the audit to become a reporting company. I would call to get a firmer grip on the numbers. Frankly I was not paying a lot of attention to the stock as I bot higher and things have been quiet till the last week or so. There have been costs to get the site underway and altho it is a heckuva presentation I think they are still tweaking it here and there. Monies are always a concern for companies at this stage but the last time I spoke with their ir the shares were still at 14m and that is what they state in their releases. Obviously we are not looking at a Yahoo or Ebay here but they have focused pretty well on the niche they want to cater to...health and fitness...and they have moved along at a good pace development wise over the past few months. I often wonder how investors size up these situations...comsidering what is already here similar internet companies are selling anywhere from a buck to 3 or 4 bucks. I am not saying Laser should be priced that high...but in view of where they are at this juncture .14 per share seems under market. It could be that very few investors are aware of the company but vol has been ticking up lately. Customarily when one of these internet situations are 'discovered' they go from under mkt value (mkt value here for inet stocks is admittedly a grey area and is established only by what people are willing to pay at a point in time) to over mkt value and then the pendulum swings and sways for a while. We may be at the initial stage of that process now but with these stocks you just never know. I would suggest those interested check out the site and call the company for more info. gpg gpg

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