The New (ICUT) International Cutlery Message Board

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Microcap & Penny Stocks : The New (ICUT) International Cutlery

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To: Currency who wrote (17)	3/20/1999 8:29:00 AM
From: ChrisJP	Read Replies (1) of 46

Dear Currency, Regarding your post: ROFLMAO !!!!! Someone points out something not-so-postitive and you use the old "must want cheap shares routine". If you want to see something really not-so-positive, go here: biz.yahoo.com I like the part about their revenues and losses both equaling $1M ! So what's changed in the past 6 months that will turn them around ? Cost of merchandise cut in half ? Cost of operating stores cut in half ? Same store sales doubling ? Yes I know its old info, but 6 months wasn't that long ago. These kinds of financial miscalculations don't get fixed quickly. It would be nice if someone could read the recent 10QSB and could explain the implications of the portion of the report entitled "Liquidity and Capital Resources". Do the agreements with Sharp represent a "time bomb" to shareholders or not ? Looks like close to 50% of the float traded yesterday, with plenty of people happy to sell in the .20 - .30 range. This could represent huge resistance unless compelling news leads investors to value the stock higher. I like that 33% markup between the bid and the ask. Good to know the MMs won't go hungry trading this one ! If ICUT has a business plan available that describes how they expect to become profitable, (through QVC, web-sites, supplying Walmart or Target stores), then I say go for it ! Has anyone asked for one ? What I mean is, ICUT is currently a $2M/year business. How do they plan to get to $4M, $6M, $8M ? And I mean profitably. Does anyone know ? Or are people buying based on rumors from total strangers ? These are just my thoughts, cause let's face it, I don't have a perfect record picking stocks either. Good luck to all ! Chris

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