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

To: Rocket Red who wrote (94288)	10/19/2001 7:29:50 PM
From: Rocket Red	Respond to of 150070

Friday October 19, 6:24 pm Eastern Time SmartMoney.com - One-Day Wonder The Safety Dance By Lawrence Carrel eSafetyWorld (NASDAQ:SFTY - news) Share price as of Thursday's close: 62 cents Share price now: $3.18 ADVERTISEMENT Change: 412.9% Volume: 6.4 million shares, daily average 15,900 shares Last time this high: June 5, 2000 52-week high: $2.69 52-week low: 35 cents Forward P/E before announcement: n/a Forward P/E after announcement: n/a TWO WEEKS into the American anthrax scare, people continue to be afraid to open their mail — particularly handwritten envelopes with misspelled words. ESafetyWorld (NASDAQ:SFTY - news) says it can change that. The Bohemia, N.Y.-based maker of industrial-safety products announced Friday that it's developed a way to make opening the mail safer. ESafetyWorld claims its new product will protect mailroom employees and ``prevent the spread of anthrax spores or other contaminants into the air after an envelope or package has been opened.'' The new, unnamed product is expected to sell for less than $500 and hit the market in two weeks. Investors rewarded eSafetyWorld's ingenuity by sending shares rocketing 413%. Be warned, though: This could (we repeat, could) be a case of, shall we say, corporate opportunism. eSafetyWorld's stock has been in freefall since going public at $7 in February 2000, closing Thursday at just 62 cents. More troubling, the company hasn't filed an earnings statement in six months. (It blames the Sept. 11 terrorist attacks, which disrupted its Manhattan-based auditor.) And most troubling, the company's press release offered no other product information — like, for instance, how it works — and company officials didn't return calls.