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Microcap & Penny Stocks : Scriptel Holdings, Inc (SCRH)
SCRH 0.00010000.0%Jul 24 9:32 AM EST

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To: Jim B who wrote (40)3/7/1997 10:12:00 AM
From: Patricia Smith   of 159
 
Jim,
I don't think there is anything new, just what has been on this post. The company still claims it will be profitable this year (calendar) and that will be after about 15 years of losses. I think a lot of the downward pressure has been from having so many shares outstanding. They traded their creditors some shares for debt recently. They're going to have to be profitable for awhile to determine if the stock is underpriced or what. Scriptel isn't saying much, but companies with stock prices this low can easily be accused of trying to manipulate the price, and they might just be trying to avoid that. Personally, I think this one could go either way, but I guess that's true of all of them.
Good luck
Pat
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