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Microcap & Penny Stocks : ISSM -- Ignore unavailable to you. Want to Upgrade?

To: GuinnessGuy who wrote (4857)	10/22/1997 10:25:00 PM
From: Step1	Read Replies (1) \| Respond to of 5211

Fly by night but not especially good at what they do ... >>> In 1996, the Company sold a portion (200,000 of the 1,600,000 shares) of its International Semiconductor Corp. investment, for approximately $499,000, net of expenses, and transferred an additional 45,000 shares of this stock to two note holders in liquidation of their claims against the Company of $22,500. The Company retains 1,355,000 shares, although the market value of the holdings has diminished considerably since the summer of 1996. <<< Craig while I read the sec form I couldn't help thinking that these guys could have made a lot more money if they had tried to be successful instead of the mish-mash buying and selling of companies they have been involved in. A number of their companies are in the red and they seem to have no reliable income from quarter to quarter. They still have 1.355.000 shares of ISSM and they are now practically worthless... Sure they netted almost 500,000 usd on issm before but it seems it would have been better in the long run to make this one a winner... And then if they were really out to scam the shareholders, they could have sold a lot more of it when the stock was higher, couldn't they have ? Their investment in Florida is down to zero and they are in court with their business partner and the oil production isnt fantastic either ... So what are they up to anyway? sg

To: GuinnessGuy who wrote (4857)	10/22/1997 10:34:00 PM
From: Step1	Read Replies (1) \| Respond to of 5211

Maybe we still have a chance ... (well wisher...) This company was in the red for 12 years ...!! and still has not turned a profit, it only expects to have one ...! and their stock is at around 25.00 ... I know each case is different but , hey I guess we could have lost some more money for a while with some backers... sg << KOPIN (NASDAQ:KOPN) expects to turn profit in 3-6 mths Reuters, Wednesday, October 15, 1997 at 07:58 BOSTON, Oct 15 (Reuters) - Kopin Corp's chief executive officer said he expects the company to turn a profit some time in the next six months, making it the first time the 12-year old company will be in the black. Noting Wednesday's announced multi-year alliance with the privately-held French firm of Gemplus, on top of earlier announced alliances with Motorola Inc (NYSE:MOT) and Siemens Wireless Terminals (FSE:SIEG), CEO John Fan said he expected the Tauton, Mass.-based firm would "things turned around in the next three to six months." Kopin, which makes very small display screens, holds 125 patents including a number licensed from the Massachusetts Institute of Technology where Fan worked. <<<