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

To: Lee Fredrickson who wrote (3688)	2/16/1998 9:27:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 5015

Lee and Ditchdigger, actually, no I would not sit this one out, I would put half in right here at $.1 and keep the other half for a period of about two weeks post a reverse split (if I did not make it to a golden hook before), expecting a nasty decline after a reverse split. Even if you assume that the request for more shares and conversion of all debt brings the number of shares to 100 MM shares, you are still buying the company at 1/3 of sales here. I do not think that the $900,000 will ever convert, and I do not know what APS will do, but they seems not to be in a hurry, so I would say we are looking at something like at worst 60 million shares or a current valuation of $6 MM for a company with sales of about $30 MM give or take $5 MM. If this company becomes profitable (and I see no reason why not), this will be recognized as a deal. In principle I should say wait until after the reverse split (since stock very often fall hard after such events), but if you are a long term player and do not want to risk that such a decline post split will not occur, wet your feet here, at or under $.1/share. Zeev