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Microcap & Penny Stocks : MIS International (NASD/BB: MISM) -- Ignore unavailable to you. Want to Upgrade?

To: Due Diligence who wrote (22)	11/23/1997 8:15:00 AM
From: Thu Ra Tin	Read Replies (2) \| Respond to of 264

Posted by Straight Shooter on November 23, 1997 at 01:46:56: In Reply to: question posted by flightlessbird on November 22, 1997 at 15:40:41: I've obtained all of the standard information one uses to conduct a DD study on any stock. There's nothing out of the ordinary- 16 million(+-) shares outstanding, 5 million (+-) in the float, a current positive cash flow, no defaulted payments to any creditors that I could find, a vested interest in the company by some of it's directors, etc... Nothing unusually good or bad here. All of the regular fundamentals of a decent going concern seem to be present. These are the basics. Now, you asked me what part of my DD convinced me this is a worthwile play. Obviously, its not these basics- there is nothing extraordinary here. For me, there is one simple reason. It is not technical, complicated, convoluted, or hard to figure out. Here it is. As of Friday, November 21, 1997, this company has a signed, done deal, not an initial offer, not a letter of intent, not an option to purchase, but a bona-fide contract with a major retailer with 53 locations to take over their automotive division. There is no purchase of real estate involved so the price is much less than most people are thinking. That's why the company is not going to have any problem completing the transaction. They're going to do a private placement to raise the remainder of the funds. Pretty basic stuff. So, what we have is this. We have MIS International now positioned to conduct an automotive business as "Wheel to Wheel" in a high traffic retail giant with 53 locations. Let's do some simple math. If the company nets a modest $3000/month (initially in sales revenues and subsequently in franchise fees) from each of these 53 locations, that makes a total revenue of $1,908,000/year. That computes to a $0.12 EPS ($1,908,000/15,000,000 total outstanding shares =.12 earnings/share.) This stock should trade at 10 times earnings. How much does our $.60 stock become worth at this point? $0.12 EPS X 10= $1.20. Is this specific enough for you? You may notice that I have forgotten something in the above equation- the pretzel deal. Within 30 days from now MIS is going to complete this transaction. Over night MIS will grow by 25 locations. I neglected to add this to the equation above on purpose- I didn't need to. The stock is already going to be worth double what it is currently trading for just based on the automotive aquisition. That's good enough for me. The pretzel deal is just icing on the cake. I'm not here to tell people to buy this stock. People should make up their own minds, do their own DD not just on this stock but on any they are thinking of buying. I have done my DD objectively and independently as should everyone. My DD study has lead me to conclude that this is an undervalued stock that will fit nicely in my portforlio.

To: Due Diligence who wrote (22)	11/23/1997 8:44:00 PM
From: Thu Ra Tin	Respond to of 264

Posted by Dan Masters MISM CEO on November 23, 1997 at 08:52:17: In Reply to: Question for Dan Masters(MISM) posted by Allen on November 23, 1997 at 07:39:37: Allen, If you read a previous post from me you will find that we are financing our first two acquisitions with a private placement of restricted stock and some equipment debt. I am sorry however,the specific details cannot be disclosed at this time. Most future acquisitions should be self financed. When we disclose our operational plans for the company you will learn how we will finance further acquisitions. I hope you can appreciate the sensitivity of our company with the acquisitions and how jumping the gun on disclosure can harm deals. I also posted some company sales info earlier. At this time we are a non reporting company. We do however, audit. We will send the financials when ready to our shareholders. The year end was Sept 30. Our audit is in process. Because we moved from B.C (Canada) to Delaware as our charter during the summer there are some tax/regulortory/international issues which impact this years audit. Also, we closed the companies old/unprofitable divisions last year and added PT and WW.The books are done we are in the other issues which are extremely time consuming. Specifically when you are working with two governments who have different opinions on how the audit should look. This does not effect us from an operation or finance point, again as we are non reporting. Frustrating but not a issue of concern. We will not show a profit for the 1997 year. Remember, cash flow in WW began in Feb and PT was placed into MIS in May by me. We have spent approx 700,000 (financed by insiders)in start up costs for MIS this includes old debt left by previous management,WW start up expense (it cost 200,000 just to open our store in Oakville)and staff, legal etc. We did turn a profit in October, the first month of our new fiscal year. This before our acquisitions. What I can tell you is that our business plan includes moving from the Nasdaq OTC BB and becoming a fully reporting company once we qualify. I will not be available to answer any further questions today. Thank You

To: Due Diligence who wrote (22)	11/23/1997 11:03:00 PM
From: Dusty	Read Replies (1) \| Respond to of 264

Thanks Jimbo! We will see. Dusty

To: Due Diligence who wrote (22)	11/26/1997 7:58:00 PM
From: Thu Ra Tin	Respond to of 264

MISM- A Letter from Dan Masters (CEO of MISM) I was very surprised when I read the comments regarding MISM from the last few days. I had agreed to answer general questions only for a few days. My last posting was scheduled for Sunday evening. I made the post and went on to other business. I have been unfairly accused that I was hiding from your questions. I was no longer participating in Cyberwhispers and was not logged on to see the questions as they came in. Has any other CEO been as open with information on Cyberwhispers as I have been? I do not have the time nor is it proper for me to spend each evening answering questions on Cyberwhispers. I have now read some of the questions that have been posted since Sunday. If Mr. Wong is really that interested, he can always contact us via telephone and post the answers he receives. Every call ever made to us by a cyberwhisper member has been returned. There is no controversy or lack of information. I only tell you this because I want you to understand that we are building a real company. Our stores are in five provinces and our acquisitions are real. My previous postings have discussed items such as our acquisitions, financing, current cash flow, our audit in progress, who are the Directors and how we became Directors, store information and so on. I now realize that answering your questions last weekend was a mistake. Not because your questions were too hard as some have eluded. But rather the appetite for disclosure from me kept continuing until it reached a point that no CEO would or could ever go on a chat forum. I am not saying that some of you took advantage of the situation, only that a CEO is an easy target if they do not answer every question to someones satisfaction. Some of the questions cannot be disclosed in a company such as ours without breaching contracts and that I will not do. For example, a great deal has been made (incorrectly) that we are a company with no money, and why should a major company sell us a 20 million dollars per year business. Well, they have agreed to sell to us. I quite frankly do not understand the issue with having to know all the details. You are sophisticated investors and must know that I could not go into all details. Cyberwhispers and other sites are valuable tools for people to share ideas and information. I had the best of intentions when I agreed to post answers. In the future I will not post on these forums. This will also help keep the short sellers and people who for some reason wish harm to companies to stay away.