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Microcap & Penny Stocks : IECS- NASDAQ $0.50 stock won prestigious OIL and Gas... -- Ignore unavailable to you. Want to Upgrade?

To: Dan Shubin who wrote (85)	12/17/1997 11:29:00 PM
From: BILL HOJNACKI	Read Replies (2) \| Respond to of 747

This looks like a promising business. If the ROP plant works the way it's suppose to, anyone using the technology will have a huge advantage over their competitors. In order for others to compete, they too would need go this route. Franchiseing opportunities could be enormous. I am impressed that the company could get the plant constructed & running just 11 months from their announcement to do so. Now that they know how, perhaps the next one will go even quicker. I also think that the goal to build over 15 plants by the year 2000 is overly optimistic, but if they could get half of those, at half the estimated earnings, we are still looking at 7 plants x $.05 per share = $.35 a share, $.35 x P/E ratio of 20 = $7.00 a share. WOW! I like these numbers and will be buying tomorrow...can't beat the price. Bill H.