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Microcap & Penny Stocks : International Automated Systems
IAUS 0.04000.0%Jul 8 5:00 PM EST

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To: Mark Hill who wrote (30)5/15/1996 1:32:00 AM
From: robert black   of 7618
 
Patents and such
This is my scoop on the company. I have been riding their train for months 20ish dollars buy in. I too did patent research work and the reason they are not published is simple. First it takes a full 18 months to legitimize and finalize the patent. Second if it is true and there were patents out there do you honestly think the price would be 40 bucks? Answer no. Third Patents do not have to be listed by the name of owner or company . . . a number or even his dog's name is fine so unless you are ungodly specific you won't find it if they do not want you to. Here is the catch. Neldon Johnson (owner / CEO) is a weirdo and a flake. He worked on the modern day phone system and eventually left AT&T for no good reason . . . just time to move on. He is a mormon and his family all works with him. Do mormons lie? I've been told no. I interviewed Neldon's son and he mentioned three buyouts that were turned down. He mentioned security systems and their pluses and minuses . . . I checked them out and he was right . . . no that does not mean the Dad can modulate a wave 18,000 times more than the current standard but at least they know their talk. Anyhow I have boatloads of info on them and am quite ready to lose all my investment. Oh I should mention that there is likely to be a 10 for 1 split shortly. I hear that NEldon wants to repay the people that believed in him, oh well everyone make up their own minds.
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