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To: Riley G who wrote (34614)	1/8/1998 1:47:00 AM
From: s martin	Respond to of 55532

To: +Dean Moshova (159 ) From: +Mad_Mouse Friday, Jun 13 1997 9:47PM EST Reply # of 13108 I liked the Equities article, but there's a couple things that surprised me though. One was that Morgan still believes that the company can earn up to $600,000 for FY97. That means that they have to earn almost $400,000 for the 4th quarter. That's about double the last 3 quarters combined! If they can accomplish this or even come close then this stock will blast off big time. The FY98 estimate is $1.8 million to $2.25 million in net income. Actually, that is what they are "shooting for" so I would think a more realistic estimate would be lower than that. However, this estimate is in line with the 4th quarter estimate. I guess we'll have to see what the 4th quarter has in store for us. If the 4th quarter is as good as it sounds then maybe they can reach what they are shooting for. Also, they estimate that 600,000 shares appear to be in friendly hands. That is much higher than I had hoped for. As far as I know, only Dean and I have reported receiving our certs. I realize that there are only a handful of shareholders on this thread, but I thought more would have taken delivery by now. After all, if anyone wishes to sell, all they have to do is return the certificate to their broker within 3 days of the trade. My worst fear used to be financing. That seems to be taken care of. Then the shares issued for compensation really bothered me. (BTW, I would think those 1.6M shares are in friendly hands meaning that about 80% of the shares outstanding appear to be in friendly hands). That doesn't leave many shares (about 500,000) that can be traded at the moment (assuming all shares in friendly hands remain in those hands). Plus, there appears to be 165,000 shares shorted (as of the time the article was written which appears to be a couple months ago).These shares have to be bought back eventually (unless the company ceases to exist which I doubt will happen). Add whatever number you want to 165,000, and you can see the tremendous demand there would be for the 500,000 shares in the "effective float", if the company is as profitable as they project. My main concern now is the verification of the new and better contracts. This will probably happen when the 4th quarter results are released (actually, it'll be the FY97 results that are released). All we can do is wait and hope that their optimistic vision becomes reality. They've already made this company profitable. My impression is that they will be very successful eventually. Hopefully, that success will come sooner (4th quarter) than later. May fortune smile upon us all. Mike P.S. Dean, I sent for an Investment Brochure on 5/27. How long does it take to get delivered? I received an Investors Packet from another company in 3 days! Maybe it's not fair to compare the two. I don't know what the average delivery time is for these things.