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

To: Elie who wrote (4181)	3/31/1998 10:27:00 AM
From: ChrisJP	Read Replies (2) \| Respond to of 5015

Dear Elie, We have been optimistic to this point because: 1) In Nov. they reported profits or very low revenues 2) In notes dated Feb 16th from Chip Sexton, EXSO was winning new business in their profitable divisions and cutting costs further. I extrapolated this into increased earnings on increased revenues. 3) Current market cap = $6M, not bad for a company which could have revenues of $20M - $25M and profits of $2M in the year looking forward. 4) Management is not disorganized; they have taken over a company that was in shambles. (hence the inability for the accountants to find info for the audit). 5) MMs had no problems taking shares off my hands today. They barely lowered the bid (.125 down to .12) when I sold them. Could be a good sign that most people are holding. On the downside: 1) They have a few million $ in debt, etc. etc. 2) They're having trouble completeing their earnings report. If they don't file today, they can file for an extension. As a BB stock, nothing will happen to them if they don't file (I think). Any comments from anyone else ? Hope that helps. Chris

To: Elie who wrote (4181)	3/31/1998 10:37:00 AM
From: Bosco	Respond to of 5015

Dear Elie - EXSO is not for the faint of hearts. While your observations may very well be correct, it is a real co with real products. To say the least, if we are to compare to some of the vapor cos, with no product and no revenue, EXSO can be seen as rather good. Ok, so it is behind the paperworks, but since it is already on BB, it is not particularly disastrous. There are many cos are behind of compliance [ed note: I don't mean it is good or ok simply b/c others are doing it, but a flexible mgt is a sign of survivability.] It needs to conserve cash and haul in revenues. If it is doing that, the rest will untangle itselfs in due time. Businesswise, it is in a fragmented segment. Granted that EXSO has sinned in the past, if it can pull together by way of cutting losses, it is possible that it will be a viable concern when all said and done. Also, businesswise, it is the least impacted by AFC, Y2k etc. To me, it is a worthwhile gamble as a hedge. Ultimately, you are right, this is a risky proposition. rgds Bosco (who almost even convinced himself he did the right thing <vbg>)

To: Elie who wrote (4181)	3/31/1998 10:37:00 AM
From: Ditchdigger	Respond to of 5015

I think this is semi-related (form NT-10K) haven't even exchange2000.com Got delayed-my broker just called,wondering why I was transferring my entire account<lol> I was a cash cow for him,he should have sent me a Christmas card<g>..DD "[X] (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date and (c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicabl