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To: Sultan who wrote (17189)2/2/2001 11:14:00 PM
From: Andrew Vance  Read Replies (2) | Respond to of 17305
 
Hi everyone. I have an opportunity I am investigating outside the normal realm of semiconductors. I need a sleuth of sorts to do some hands on and eyes on work to validate the investment idea.

Therefore, I am looking for a brave soul that lives in the Palm Springs - Indian Wells area that is willing to spend a few hours researching a company and the placement of its products in the region. If anyone is checking this board these days and has contacts in this geographical area, or lives in this area, I will privately give you the information on the company and allow you to do the final due diligence with your own set of eyeballs. You become one of the first people to evaluate the worthiness of the company and get a heads up opportunity to invest prior to the rest of the pack.

Here is some information as it was related to me. I am just trying to check out the company and get a good feel that it is more than a trivial situation.

1. It currently trades on the pink sheets, which is the first red flag, since it has only one market maker.
2. It currently trades less than 1000 share per day and has no visibility.
3. They are supposedly having an audit of their company being done as part of the process of moving over to the Nasdaq and into a more viable investment banking relationship.
4. The current market maker leaves a great deal to be desired with a $0.50 spread on a $2 stock which is outrageous.
5. Supposedly they have $16 million in cash and no debt because they choose to grow the business without acquiring debt.
6. The move to the Nasdaq is probably going to be timed with a secondary offering in the market at 3X its current trading price. This sounds flaky but they are not going to do a secondary until the stock is brought up to the $6 level first.
7. Management is good at what they are doing but leaves something to be desired in the form of making their company more visible, promoting the company in the financial community and media, dealing with investors, and acquiring a little bit of debt in order to execute more contracts.
8. Supposedly they have a contract that will increase their product base 7X once they do their secondary to raise funds to pay for the installed products. Yes, it does sound flaky, but their business model is currently very different from their competitors who are deeply in debt and not cost effective. This major contract is just waiting for funding by investors before they can execute. The customer is supposedly patient and willing to wait for this to happen since the current state of business is on a month to month basis.
9. The business model is sound since most of the costs of doing business that others use third parties for, are being done internally at considerably more competitive costing.

This is just about all the information that is pertinent to make a decision if it is worthwhile for a person to take the time to do some on site research into the matter. Anyone who is interested can contact me avance@radarview.com

This is the type of stock that if it does make it to the Nasdaq through its secondary offering, and if it does get more visibility, it could become one of the more lucrative spam and "pump-dump" stocks if it fell into the hands of the wrong crowd. For this reason, I am not going to divulge the name of the company and would hope the person doing the background check would keep things quiet until we could agree it was a worthy opportunity and then share it here.

Basically I want to get through the smoke and mirrors since it is quite possible this company can perform well over the next year or so.

Andrew