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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: TraderGreg who wrote (3107)	12/9/1997 1:25:00 AM
From: Steven Durrington	Read Replies (1) \| Respond to of 11708

Sorry for the long post ?!? This is the sort of valuable and comprehensive knowledge that these threads are all about. Smart people with different backgrounds and information sources sharing their stuff to create an overall big picture of a company, so that investors are better informed. Oh, and a few WAG's, "what if's" and Goooooooo C$MA's just to liven things up. Thanks for your response, and keep up the good work Durro

To: TraderGreg who wrote (3107)	12/9/1997 8:26:00 AM
From: jan_mike	Respond to of 11708

TraderGreg - thanks for that analysis. We can all quit Amway now. When I talked to the company folks, it sounded like this deal was manna from heaven. They apparently hadn't forseen that kind of opportunity for this sub. Mike

To: TraderGreg who wrote (3107)	12/9/1997 9:01:00 AM
From: David Smith	Read Replies (1) \| Respond to of 11708

Greg: Your last paragraph, why are you assuming such a low P/E for LPSL? David

To: TraderGreg who wrote (3107)	12/9/1997 7:02:00 PM
From: TraderGreg	Read Replies (2) \| Respond to of 11708

I just spoke to Mike Millis and he provided me with significant clarifications to our discussions on LPS. I have primarily concentrated on the significant contributions from EnviroTec, AdHatters, and Coconino Oil and Gas and, as such, have not studied the LPS side of the company to the degree it deserves. In fact, I had thought that LPS was an asset acquisition to support the minimum NASDAQ requirement. LPS IS FAR MORE THAN THAT. First, let me correct my looooong post on the 125 mortgage. LPS will function as an intermediary between Streamline Funding and LPS member reps. THESE REPS ARE NOT RETAIL MORTGAGE BROKERS. Rather, they are a part of the LPS family which consists of the original 3,000 reps PLUS the International Benefits Association(IBA) and its insurance company that encompass 77 associations and over 500,000 member/policyholders. Those associations include 7,000 pastors, labor/credit unions, and trade associations. This relationship significantly expands the breadth of exposure for LPS. . As part of the myriad of financial and life planning services provided by LPS, the reps will be positioned to coordinate with outside retail mortgage brokers to provide the 125 mortgage to their client base. This program is BUT ONE ASPECT OF THE ENTIRE LPS PLANNING PROGRAM. Second, fees paid for brokering these 125 mortages will be on an origination basis only, no residuals will accrue. No details as to the magnitude of these origination/referral fees are available yet. By far, the primary focus of the 3000 LPS reps, together with the aforementioned IBA, will be to market the financial/life planning programs. Again, the 125 mortgages represent but one aspect of this turn-key program. The business potential for the 3,000 reps originally envisioned has been substantially enhanced by the relationship with IBA. Moreover, the services marketed through that relationship will provide not only initial fees but annual residual overrides. Mike stated that the shareholders will be pleasantly surprised by the projections for LPS in its first year of growth. A detailed business plan is currently being prepared. Please don't ask me to estimate EPS. There are far two many parmeters to consider. Simply understand that there will be thousands of people nationwide marketing the spectrum of LPS services, of which the 125 mortgage will be but one band of that spectrum. Again sorry for my own confusion. My head's been covered with an AdHatter and coated with chicken fat and lemon juice. LPS will be a MAJOR component of CSMA. TG