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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: myturn who wrote (1865)	5/6/1998 2:50:00 PM
From: campe	Read Replies (2) \| Respond to of 25711

Reason, FASC: With pending news today, possibly tomorrow, why the sudden price drop? Is this a good entry point? Does the press release you are expecting deal with the financials? What else do they have in the hopper that they can announce more positive news in the next few days? Went through their web site and it seemed like rather dated info. tia...

To: myturn who wrote (1865)	5/8/1998 12:49:00 PM
From: Wayne Rumball	Read Replies (1) \| Respond to of 25711

So who'd they release it to, their local radio station? ---- I spoke to FASC today and they anticipate a press release later today or first thing in the morning. He just got back from picking up the financials. Everything looks good. They expect more positive news in the next few days. This one looks good!!! ---- Actually, if we look at the June 1997 Financials we see; Year Ended Year Ended Through June 30, 1997 June 30, 1996 June 30, 1995 ------------- ------------- -------------- REVENUES $ 347,721 - - COST OF SALES 157,974 - - ----------- ---------- ---------- GROSS PROFIT 189,747 - - Actually this represents only 1 month of production/sales. Did the plant continue operating thoughout the remainder of 1997 and begin 1998? Doesn't that mean they have positive cash flow, and profit? Bought at 0.09 today