Paige Innovations (Flatplug) PAG tse Message Board

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Gold/Mining/Energy : Paige Innovations (Flatplug) PAG tse

PAG 160.07

-0.6%

Oct 31 9:30 AM EST

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To: Fred J Bealle who wrote ()	2/26/1997 8:37:00 AM
From: Fred J Bealle	of 49

Buying opportunity! Paige went down to .19 yesterday on small volumes. My take on this is: 1.people are over reacting to the simple resignation of a director who was miffed at Paige's desire to move to a new broker for trading (ie, moving away from Marleau Lemire, with whom Groome is associated). Get over it. 2.those who sold are ignoring the fact that Paige will begin manufacturing of their new, cost-reduced flatplugs in March 97. The profit margins will be much improved! The prices will be much lower! 3.Paige has simplified its structure and aims: unrelated products such as SnapJack have been terminated. 4.The Japanese market is open and inviting. An elegant design such as flatplug(r) could be a hit in design-conscious Japan. Where space counts for a lot, who needs those old plugs that stick out like a sore thumb? Personally, I had been tempted weeks ago to sell my OLD $.19 stock at .30, but held off; I expect the stock price to bottom around .19 and then rally in a short time. The company has no problems with cash or management or labor. Therefore this is a buying opportunity. Fred Bealle

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