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Microcap & Penny Stocks : Saliva Diagnostics (SALV) -- Ignore unavailable to you. Want to Upgrade?


To: Jim Berg who wrote (1850)12/23/1997 11:04:00 PM
From: george  Respond to of 3369
 
Jim,
Thanks for taking the time to make your visit and to post your impressions.
What was your impression of the management?
George



To: Jim Berg who wrote (1850)12/24/1997 11:47:00 AM
From: Harold  Respond to of 3369
 
Jim, thank you for my Xmas present. No words can express my appreciation for your effort. Good luck to all of us.
Harold



To: Jim Berg who wrote (1850)12/24/1997 1:35:00 PM
From: Don Keefer  Read Replies (1) | Respond to of 3369
 
"This is no stagnet staunchy business." Please elaborate?

Are they going to break even this quarter? If not, when do they expect to? What are they doing to do to increase the share price? Are they concerned about being delisted? Are they truly pushing enough product out or are they still experiencing problems filling orders? What's next?

Jim, what questions did you ask and what were their answers? Where's the meat?



To: Jim Berg who wrote (1850)12/25/1997 1:25:00 AM
From: Jim Berg  Read Replies (3) | Respond to of 3369
 
Harold,Tim,George,
Sorry I took so long with an adaquate reply but
presents to wrap, I build houses for a living sometime a real battle
and the trip to SALV took longer than expected but had a great time.
Really, I had a great time.

Please note : I was not looking for hard numbers
but I was looking into The items below.

Sales," Brisk and growing "
Debt ," 6% "
The Bio-Chem partnership ," I elaborate below please read."
The recent ask for more public investment. "To meet growing volume"
I wanted to see a factory and offices " New and efficent and busy "
Managment attitude " impressive and friendly "
I wanted to see employee's and note attitude " Cheerfull and busy "
I wanted to see a working shipping dock " They were packing
air freight containers for transport." Asian destination.

These are questions I aswered by email today I'll post them
here.
1. Was the company concerned at all with the stock price " NO "
Ans. I didn't ask, the current price has nothing to do with the
future of the company.
2. Did they give you any projections? Yes, They are filling
current established orders from Vancouver WA. At a profit
and expanding sales into new markets on a daily basis.
The new deal with Bio-Chem will give them immediate access
to new customers. As well as a tight distribution network.
3. Did you talk to anyone there (IR or Pres of Company) Ans. IR.
4. Your general feelings on the company." I bought 5000 more shares
this morning 12/24 And will buy more."
5. Are they planning on staying in business. Is their a potential
bankruptcy filing.
Ans. Thats rediculous they only have 6% debt !!!and do not plan
to borrow

Please read below

They have a factory running at full capacity
at this time
The Singapore plant is owned by an Asian Bio-tech
company, That was under subcontract to SALV
and in no part owned by SALV. It was costing them
their profits,,, BUT.
The subcontract made it possible for SALV to
develop established customers during the period
of time it took for their plant to be designed
built and approved " All of which has been done."
I wrote about this subject in a recent post to SI
My visit has convinced me that my investment
there is a safe and wise move, And will be putting
more of my money in as time rolls along.
I think it worth mentioning this company has almost
no debt 6% of current capitalization, for a start-up
company this is unusual,
The recent ask for more public money is for expansion
and will avoid the pitfalls of borrowed money and its
cost.
This company is building for the future, My gut impression
Jim