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

To: Crueldog who wrote (3880)	3/6/1998 10:16:00 PM
From: david m. uhler	Read Replies (1) \| Respond to of 5015

Dear John and Dan The 10-k for the year ending 31 Dec 1997 is due to be filed 31 Mar 1998. Last year the filed 10 days late due to personnel changes. Last Qtr the company managed to earn a profit of $ 226 k. They also wrote off approx. $6.613mm off the books. The current management teams believed it was best to write off as much as possible in that qtr, so that future earnings would not be clouded (my conjecture). I am hoping that this annual report will show a modest profit, with the hope that earnings in the future will "snowball". Their are still some large problems that they must overcome. I believe that reorganization of debt is of the utmost importance . Key to this refinancing is a few good qtrs of earnings. The EXSO-holics around hear are biting our nails waiting....and waiting. \;-) Regards Dave U