To: TheInvestor who wrote (456 ) 3/10/1998 9:13:00 PM From: marty dorf Read Replies (1) | Respond to of 627
First I would like to thank everyone who responded to my recent post to obtain the MVSI Newsletter which I try to compose at least 20 times per year, but lately about once a week. Your support of both MVSI and the Newsletter has been encouraging . I try to stay focused on the total direction of MVSI and just not a bad quarter . Every Company from Compact to Intel, IBM, Boeing, Kodak has had poor quarters but have remarkably recovered. MVSI is not different. What Wall Street looks at is how Management reacts and deals with it. I talked to one of the MVSI Directors yesterday and he really wants to show " those wall street guys, that MVSI has made it, unlike some of those Stratton stock Companies. " He also has some good ideas for Socrates which will be discussed at the Annual Meeting April 17. Bluestone will be part of the big picture. The program is this. MVSI projects 70-80 million in fy 98. Possibly, if some good contracts come in from the FOSE Show which will be held in Washington DC Convention Hall in two weeks, MVSI might do over 100 million in fy 98. Once MVSI shows that the MVS Laser division losses are behind us and profitable quarters are ahead, the stock will rise and Bluestone can with confidence sell MVSI stock to their institutional customers. Then , once MVSI stock is trading in the 12-15 range, the plan is to have Bluestone work with MVSI Management to make a large, possibly a 100 million revenue company with the 20 million in cash acquired from the warrant conversion as well as with reserved company shares, about 12 million units. Between both over these , MVSI could and I believe personally will be a 200 million dollar company going in to 2000, and that is only now 22 months away. A 200 million dollar company with 10 % margins, should sell for 40-50 dollars per share. marty