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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Jerrymac who wrote (25090)	11/29/2006 9:44:04 PM
From: Ed Ajootian	Respond to of 37387

Jerry, ILI Technologies (ILI.V) -- There are about 2.7 M warrants out, see excerpt from PR dated 3/13 below: "ILI Technologies (2002) Corp. (the "Corporation") is pleased to announce the completion and sale of 1,663,353 Units of the Corporation (for gross proceeds of $748,508.85), which represents the closing of the first tranche of Units of a private placement of a maximum of 5,333,334 Units (the AUnits@) of the Corporation at a price of $0.45 per Unit. Each Unit consists of one common share and one half of a common share purchase warrant (the AWarrant@). Each whole Warrant entitles the holder thereof to acquire one common share of the Corporation at a price of $0.60 per common share until the earlier of: (i) 4:30 p.m. (Calgary time) on August 31st, 2007; or (ii) on that date which is 15 days after the Corporation has delivered a notice to the Warrant holder specifying that the common shares of the Corporation have traded over the facilities of the TSX Venture Exchange (or such other stock exchange where the common shares of the Corporation may be trading at the time) at a price of at least $0.75 per common share for at least 20 consecutive trading days." Yes, Polyflow is privately held. Below is an email that got sent out by QIS Capital on ILI today: "Third quarter financial results were the last piece of the puzzle that we were waiting for to confirm ILI’s growth and future prospects. Revenue and earnings growth for the third quarter were excellent. If margins hold steady into the fourth quarter as indicated by the press release and assuming a similar cost structure as Q3, then Q4 earnings should be in the $0.05 eps range based on the indicated $2.5 million in revenues for the current period. The balance sheet has remained stable with no debt and positive working capital of $0.16 per share. ILI reached a new 52-week high today of $0.79. Despite the recent share price increase, ILI is presently trading at only 6.4 times annualized Q3 earnings (pre-tax) and at less than 4 times expected Q4 annualized earnings (pre-tax). It is also important to point out the balance of revenues between Thermoflex Tubing and pump and wire products. This provides a diversified revenue base and helps to reduce the risk profile of predominantly selling one product. We will be watching for new contracts to be announced over the next few months." It was very encouraging to see the stock hold most of yesterday's gains in today's trading. Usually these penny stocks gyrate all over the place, even with good news getting announced.