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Gold/Mining/Energy : Orcatron (OCT.V)

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To: PeterS who wrote ()2/25/1997 10:54:00 AM
From: Fred J Bealle   of 19
 
FYI, there has been an announcement on the VSE regarding orcatron;
a market maker will begin to deal in OCT; I think this means that the MM will keep an inventory of OCT in order that it be traded more smoothly.
People who have bought some of the 8 million (?) OCT shares may not follow them too closely, so a buyer or seller might be frustrated when it comes to trading, unless some investors have put in standing orders (ie a bid or ask of 1 month or longer duration).
The Market Maker can help that situation.
Maybe for $6K he will do PR also?

It would help if investors were to call the CEO cum CFO cum president cum chairman, and tell him to upgrade the website news and to ADD a financials page.
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From what I see of the price chart, OCT is trading pretty thinly.
Otherwise, I LIKE this stock; the technology seems good. There is nothing like a solution to a problem in a growing field. The web page does not say, but I assume the comm system costs about $1000 per transceiver, in their low (500/yr) volumes. In high volumes (20K/yr) this would drop to $300 per transceiver. There are likely not more than 1 million scuba divers in the world, of whom only 100K would be fanatics. (My guesses.)
Might look up the patents on patent.womplex.ibm.com
Fred B.
Orcatron Communications Ltd
OCT
Shares issued 7790105
1997-02-12 close $0.97
Wednesday Feb 12 1997
Miscellaneous
The VSE has accepted for filing an agreement dated January 25 1997 whereby Michael Lane
will provide market-making services to the company at $6,000 per month for three months.
The market-making account will be maintained by Jones Gable & Co Ltd.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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