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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: BILL HOJNACKI who wrote (123)	1/18/1998 9:09:00 PM
From: Bugsy	Read Replies (1) \| Respond to of 747

To ALL: IECS managment looks to have slowed the bleeding of this Co. 1995 (PRE TAX} loss $ 2,704,759 ( 14 cents a share) = 19,319,707 shares . 1996 (PRE TAX} loss $823,814 (4 cents a share)= 20,595,350 shares. They did increase the # of shares but it's still a significant savings.Now we do not know what 97s balance sheet looks like so we'll work from 96s #.To achieve a profit of 12 cents a share in 98 this Co. would have to turn a profit of $2,883,349.asuming they have 20,595,350 shares.Now we know they just completed their first ROP plant and they say it will generate aprox. 6 mil. a year in revenue so 12-14 cents a share is very realistic.There is some room for additonal share dillution.If this Co. can achieve its 5 year goal without dilluting the shares to much it looks like we have a winner. I read that they won the Canadian Agri. award I wonder where TT was in the running? Good Luck TO ALL Bugsy