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Microcap & Penny Stocks : ACCY - Accsys Global Network, Inc (NASDAQ OTCBB) -- Ignore unavailable to you. Want to Upgrade?

To: Larry Brubaker who wrote (890)	2/6/1998 6:48:00 PM
From: Andrew H	Read Replies (1) \| Respond to of 1574

>>In the midst of all the hype about this being a $2 stock, lets look at the difference between 6 million shares out and 16.7 million shares out. The newsletter article cited on this thread last night (which quoted a 6 million share float) estimated a profit of 8 cents per share from the first tournament alone. With a 6 million share float, 8 cents per share would imply a profit of $480,000 from the first tournament. Sounds like a lot, but not beyond the realm of possibility. With 16.7 million shares out, an 8 cent per share profit equals a profit of $1,336,000 from the first tournament alone. That sounds a little optimistic to me.<< Agree entirely. The incorrect figures came from the Damek newsletter published on the thread. Perhaps they were just old figures. But I wouldn't be surprised if some bought in based on those figures. Hopefully it was an honest mistake and not hype. But there is too much hype on this stock. And it will only hurt the company.