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Microcap & Penny Stocks : SEDONA Corporation (SDNA)
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To: Uncompaghre who wrote (71)3/9/1997 8:42:00 AM
From: Bill Farrer   of 731
 
Thanks for the update on the earnings due date. So the company needs an additional four weeks time to ensure the earnings report will be accurate. I applaud their ethics. Perhaps going forward they can be accurate and still make their earnings announcements on a regular time interval.
As for recent and expected earnings, last quarter (3Q96) they lost $1.854M or .17 per share. The stock held and advanced up over 4 1/2. I beleive there is support here at 3 1/2. I also believe that the company better start making some money. They have the right product working with the right people ( GIS consortium, Oracle, etc..), at the right time. The only thing they need to do is start selling something. So far Scangraphics is a story company, current investors are buying the story, the next couple of quarters will dictate truth or fiction.
I am holding on, not buying more. If the price hits $5, it's on the way to $10, I'll average up. If you are waiting to get in, buying at this price would be smart, very little down side.
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