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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Mr Metals who wrote (14049)	11/11/1999 8:43:00 PM
From: SusieQ	Respond to of 150070

Nice one. Haven't seen to many post when they're buying. Missed it unfortunately. Susie

To: Mr Metals who wrote (14049)	11/11/1999 9:02:00 PM
From: LANCE B	Read Replies (4) \| Respond to of 150070

INVT -info To: Mr Metals (910 ) From: LANCE B Thursday, Nov 11 1999 8:58PM ET Reply # of 912 INVT- HERE IS A LITTLE DD I FOUND ON IT... phone number of INVT President and CEO Brian Kitts, which is (801)-808-6096 and gave him a ring. INVT up to now has essentially been a shell. A few months ago, Brian met the owners of FibrX, a privately held fiber optics company, and they came to an agreement to take FibrX public via a reverse merger into INVT. FibrX is involved in two things: (1) the arbitrage of fiber optic cable and (2) the actual sale of time on fiber optic lines. Their business consists in buying fiber by the bundle (12 strands to a bundle) and then reselling the strands for those who can't afford or don't need a full bundle. A bundle is the minimum amount sold by the large companies, so FibrX is meeting a niche demand within the fiber optics industry that few other companies are satisfying. The company is also involved in reselling portions of the strands for companies that don't need a full strand all the time, for instance, to a company that might need to use a fiber line two or three hours a day. According to Brian, it is an extremely lucrative business. Brian is the majority shareholder in INVT, but after the reverse merger FibrX will be. The best part, is that Fibrx brings to INVT a $30 million contract in place with several other major contracts pending. Brian told me there were 9.8 million shares outstanding in INVT, with a float of about 2.4 million shares. Afer our conversation I called the INVT stock transfer agent, which is Olde Monmouth at 732-872-2727 and verified that the shares outstanding corresponded to what Kitts told me. The shares did. Anyway, now some analysis: I have no idea what the profit margins are in this business, but even assuming a lowly 10% margin, if they have a $30 million contract ready to go, we should see profits of about $3 million. With 9.8 million shares, that give us earnings per share of about $.30 and with a conservative EPS ratio of 10x, we would easily have a $3 stock right now. With higher profit margins than what I have assumed, more money coming in (as Kitts alluded to), and taking into account the sexy appeal of fiber optics to the investment community right now (for instance, look at Sycamore -- NASDAQ: SCMR-- a start-up fiber optics company that recently went public at $38 and yesterday closed at $220!) I think this stock will be in the double-digit dollar range very soon. In any case, at $.49, which is what INVT closed at yesterday, I think this stock is a colossal steal. I think investors who get in now and hold are going to get rich. Needless to say, this being the OTC world, there is more risk than investing in a NASDAQ type issue like SCMR, but I think the potential rewards are far greater. In fact, no comparison. To belabor the point: Between Friday and Monday I purchased 105,000 shares of INVT. I am holding for at least $10, which I think we will see in a few months, maybe sooner. At that price, my holdings will be worth $1 million, which to me, is financial independence. I don't know where else I could get this sort of return and that is the reason I am willing to take a chance with this stock. Furthermore, I know of no place anywhere, where I could purchase shares of a fiber optics company going public at $.49. So, to sum it up, I think this stock is a fantastic opportunity. Please do your own research and post your findings -- positive or negative -- on the board, so that we can all benefit. Next Previous \| Previous \| Next \| Respond \| View reply to this message View SubjectMarks Bookmark this Subject Discussion \| People \| MetaCrawler Subject Titles Only Full-Text This Subject Only ------ Previous