Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: PROLIFE who wrote (6911)	4/22/1998 10:23:00 AM
From: TraderGreg	Respond to of 11708

OK, need a gas expert here(Bootz, Blackie, Carole?). Here's my take: 8 million cu ft is 8,000 1000 cu ft units. At $2.10 per 1000 cu ft, that is $16,800 per day. Don't know if gas ops are 24/7, but I'll be conservative and assume it is only 250 days per year. That's $4.2 million in revs. I know gas ops are cheaper than oil ops, so I'll assume 50% costs. That's $2.1 million in profit. If it takes a year to get back a 45K investment, then that investment is around 2.1%(it would be nice if % ownership interest was included in the release). Even if costs are 75%, it is still less than 5% ownership interest. Sounds like a nice return, but...assuming it is that high of a return, why such a small interest? Now, keep in mind, the first year is return OF investment, not return ON investment. Assuming the interest doesn't depreciate much, that's OK but it technically isn't all profit. Put in perspective, if our friends in Asia get interested in those Air Fresheners, 45K represents around 120 to 150 thousand AdHatters sold at 35% + margin...and in the case of AdHatters, that is profit, not return of an investment. It's good news, but why not up the stake? TG

To: PROLIFE who wrote (6911)	4/22/1998 10:24:00 AM
From: KZAP	Respond to of 11708

Good! Nice and steady, keep it coming, pay you in Quarters. Gas is a hot commodity right now. I Like It! Go. KZAP

To: PROLIFE who wrote (6911)	4/22/1998 10:28:00 AM
From: Richard L. Williams	Read Replies (2) \| Respond to of 11708

Sheesh---we knew the company is cash-poor, this just confirms it: >>Coconino's interest in the well of $45,000 was paid for with a cash down payment, a bank loan arranged through First National Bank [OTC BB:FIPG - news] of Chaves County in Roswell, NM, and a small quantity of Rule 144-restricted common stock in CO&G's parent company. So, for a payoff down the road one year from now (and how much is the payout? Not stated anywhere.), we the stockholders see the company acquiring more debt, spending money that could be used to file the Form 10 (Whine with me: "We can't afford $25,000 filing costs!"), and diluting the stock by issuing a "small" (what's small? Less than 10,000,000?) amount of stock. AdHatters might be staving off some bills, but this company looks anything but investment-worthy. Lurking 'til the real news hits. Rick