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Microcap & Penny Stocks : EXSO -- Consolidated Eco-Systems (Exsorbet Industries) -- Ignore unavailable to you. Want to Upgrade?

To: david m. uhler who wrote (3494)	1/20/1998 5:50:00 PM
From: Ditchdigger	Respond to of 5015

Hello Dave,I've been pawing through some of the financials.I missed this the first go around "In November, 1997, Mr.Williams was appointed President of 7-7, overseeing all of the activities of the 7-7 subsidiary." Belated congrats Razor. ****** FWIW,I'm beginning to wonder how important more financing is at the present time(obviously it is always important-do we need the added debt at this time?). The company has done some significant trimming of unprofitable divs. and subs.(combining corp. offices etc>) ***** "The Company determined during the second quarter of 1997 to cease operations of CESI due to losses of the subsidiary attributable to bonding difficulties, smaller profit margins, and increased competition." ****** "The decrease in consolidated sales was also due, in part, to the sale of the emergency responsedivision of Larco, which was sold during the first quarter of 1997." ******* "During the third quarter of 1997, the Company determined that it was not profitable to continue operations of Cierra, an engineering subsidiary based in Little Rock, Arkansas." ******* " The Company has implemented a plan to cut its general and administrative expenses which includes consolidation of most administrative functions to a centralized location, utilization of quantity discounts or negotiated prices for administrative purchases and services, and other costs cuts." ******** "The Company believes that continued implementation of its current business plan, including continued cost cutting and elimination of unprofitable divisions or subsidiaries will result in an increase in the percentage of gross profitability as compared to sales." ******** Oh well just some thoughts..DD PS: thankyou Pugs for forcing me to take a better look at the current financials.

To: david m. uhler who wrote (3494)	1/20/1998 5:50:00 PM
From: Pugs	Read Replies (1) \| Respond to of 5015

David, Thanks for the post. I, myself, don't subscribe to this 'no news is good news ' anthem being sung here. Where is the financing? What is wrong with this picture? Instead of shoo-ing me away, why don't EXSO shareholders demand answers from management? If the debt holders were less than honest, then out with it! Are EXSO shareholders going to wake-up one morning to find a dilution of shares and still no financing? no profits? The management looks more & more suspicious as they let a thick layer of silence seperate the shareholders from the co. Pugs