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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?


To: Alan Aronoff who wrote (15815)4/20/1998 5:49:00 PM
From: Gator  Read Replies (1) | Respond to of 29386
 
To All interested in recouping ANCR losses:

I'm a former ANCR holder (bought at 16, sold at 8 5/8), so I have a special affinity for those still holding on or trying to gain back their losses. I have been following a situation for quite some time that is about to explode.

The company is ETPI (there is an SI thread for it). They are an entertainment conglomerate serving the military and civilian sectors.
FYI, ETPI is currently at $0.87, I'm in at $0.31, $0.65, $0.83, and $0.86, so I have more than gained back my original investment. They are currently traded on Nasdaq BB, but they are a reporting company (10K's and 10Q's on Edgar), and they have already met with AMEX regarding a listing (they were approached by Amex). They meet all qualifications except for price at this point.

I just received word from the company of HUGE NEWS TOMORROW (feel free to check my postings on ETPI and other threads, I haven't misled yet on timing or content of news).

The stock started last week at $0.23 to $0.26. It has run as high as $1.18, taken down as low as $0.75 on profit taking, and finally settled at $0.87 today. I'm holding on to every share.

Tomorrow, probably before the bell or just after, ETPI will make the biggest announcement in the history of the company.

Tomorrow, they will announce the closing of the largest financing deal the company has ever made. The financing is much bigger than what they expected and will provide the funding for ETPI's planned nationwide expansion of their family entertainment centers.

They have already shown to have a profitable, proven format, and with this announcement they will have the funding to initiate a rapid expansion. This will also greatly enhance their asset position and make it even easier (IMO) to get listed on a major exchange. They have already had talks with Amex and I believe they will be releasing news soon regarding application to Amex.

Please check the ETPI thread for more info, and call Bruce Pollock or Pete Cahill at (281) 486-6061 for more details. Do your on DD, you won't be sorry.

Gator