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Microcap & Penny Stocks : Biosafe International, Inc [BSFE]

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To: Zoro who wrote (164)2/19/1997 7:50:00 PM
From: DCBEN   of 280
 
Jack, beginning to doubt that the company will ever dig out of the hole its in. Where they going to get the operating capital to keep going while the Fairhaven project stagnates? Certainly can't raise it on wall street (bid to 3/8 for part of the day - no sellers today at that price, but what about tomorrow?-- ask under 1/2.)

The forthcoming 10-k should be pretty dismal reading. Wonder what the proprietary techniques, etc. are worth to WMX or the other majors (WMX is refocussing on waste management, afterall). Think we'd get anything back?

Allan
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