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

To: Andrew H who wrote (912)	2/6/1998 7:52:00 PM
From: stockid	Read Replies (1) \| Respond to of 1574

I agree Andrew, but I'm not in this long term. Because when a company can't or will not be straight on basic fundamental information as the companies outstanding public float.......It has to make you think how viable and truthful they will be in more important issues. ACCy, had a nice run.....Back on the sidelines waiting for more info?????? SK

To: Andrew H who wrote (912)	2/6/1998 10:31:00 PM
From: Larry Brubaker	Read Replies (1) \| Respond to of 1574

<<If we figure a tax rate of 35%, then we have a figure of roughly .08/share after taxes.>> Andrew: The 8 cents per share after taxes of course is IF, ACCY earns what they project they will. These penny stock companies are notorious for making pie in the sky projections that don't pan out. I'm not saying that there is no way ACCY can make 8 cents per share, just pointing out that one should take projections of unproven penny stock companies with a grain of salt. I speak from experience. I got burned last year by a penny stock company that hyped their shares up to $2.80 based on projections of 40 cents per share earnings. Through 3 quarters, this company has earned a total of 3.5 cents per share, and I will be surprised if they actually break even for the year. The price of the stock I am referring to is now 37 cents. Assuming ACCY earns 8 cents, a reasonable valuation would be $1.60 based on a P/E ratio of 20, AFTER they have in fact earned 8 cents per share. As of now, they have yet to prove they will earn anything. They still have not announced the field, TV coverage, or sponsors for the first tournament, let alone the 2nd and 3rd tournaments. And even once they announce the field and sponsors for the first tournament, they will not have demonstrated earnings until AFTER the tournament. I wonder whether ACCY will be able to attract the same "headline names" they have attracted for the first tournament. Both Nicklaus and Crenshaw have made comments to the effect that playing in the tournament will be a great way to honor the memory of David Marr Senior. I wonder whether these "headline names" are participating in the first tournament out of some sense of duty to the memory of David Marr Senior. If so, will they feel the same loyalty to participate in tournaments 2 & 3? Time will tell.