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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: KZAP who wrote (5711)	3/7/1998 5:03:00 AM
From: Steven Durrington	Read Replies (1) \| Respond to of 11708

I guess that the (mis?)fortunes of CSMA determine the tone of this discussion thread. Back in the $0.15 to $2.60 gold rush days, it was one big joyous family, with a proliferation of "Goooooooo C$MA" cheers, metaphorical beatings of the fictional "Shorty" and talk of large diamond bras. Things aren't so cheerful now, which I think is unfortunate, as CSMA is much stronger today. It is now starting to realize it's potential and compared to when this was just a story stock going up on a momentum play, it is a much more solid investment. I appreciate the unhappiness of some investors who bought in at $2 or more and can only offer consolation in the fact that one day in the (hopefully) not too distant future, a single digit share price will be but a nostalgic memory. With a conservative PE ratio of 10:1, the lowside estimate of a $0.37 profit contribution from LPS alone should push the price into the mid $3 range. But, doing the the math from the 1st (of 3 ?!?) Class 5 disposal well of Envirotech, 14,000 BPD x $20 x 250 days/year equals a substantial earnings. Even at half the potential daily disposal volume (which given the legislative moves recently, I think is underestimating the situation), earnings from this alone should head over $1 per share. Earnings here however could max out at around $3 per share. This isn't even counting CO&G, Adhatters or the other disposal wells in the calculation. Even using the 10:1 PE ratio, you can see why KZAP, TraderGreg, Chuck, myself and others are very enthusiastic about Coconino. I'm sorry that some people fell bitter about the current depression in share price, and think that it's unfortunate that it's coming out in the tone of some of the conversations lately. All I can offer is that fact that, even though I missed a 400% profit by not selling, and am currently at a loss, I still believe wholeheartedly in CSMA and look forward to a bright and profitable future. Little consolation for some I suppose, but probably about $0.02 worth of advice, so I'll wrap it up here. Regards, Durro P.S. Thanks PeterR1700 for your kind words.