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Gold/Mining/Energy : Gensci Regeneration Sciences Inc. (GNS)

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To: Edward W. Richmond who wrote (145)4/1/1999 7:14:00 PM
From: Edward W. Richmond  Read Replies (1) of 225
 
GenSci Update (Continued)
I was advised that we are leaving our current premises in Irvine, California and moving to a larger facility. Apparently we will be sub-letting the present facility at a profit. Having visited the Irvine premises, I can see why we would need to move. There simply isn't enough room to increase production of our product lines.
My concern is that this move will likely be used to explain why we have poorer than expected earnings at some time in the future.
It was nice to see the stock hold at $2.50 today. Hopefully, we can hold at this level until we get our administrative costs in order.
Regards,
Ed
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