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 : Low Float Longs -- Ignore unavailable to you. Want to Upgrade?

To: CJacks who wrote (55)	6/11/1998 10:02:00 AM
From: Russell Gish	Respond to of 711

Do you know where your portfolio is?

To: CJacks who wrote (55)	6/11/1998 10:02:00 AM
From: Brett Fleischman	Read Replies (2) \| Respond to of 711

QTNT-BB Quick Tent, Inc. Quick Summary: Shares Outstanding: 7.8 Million Share Held by Insiders: 6.5 Million Float: 175K-350K* Insider shares restricted long term Current price: 1.375 X 1.531 52 wk high: 3 3/4 52 wk low: 7/16 Chart: chart5.bigcharts.com:80/report?r=qchart&onbad=qbadsymbol&country=us&symb=qtnt&qchart.x=57&qchart.y=17&sid=6873&sec=c&xyz=29878157&s=22654 You can see in the chart that volume moves this. The last spike occurred shortly after they hired Noble House of Boston to handle their PR. Keep in mind they only handle the PR from a broker/dealer perspective. Harry Timmons said that he fields calls from individual investors. SI thread: there is one but hasn't been posted to since April Contact information for further DD: Investor Relations: 888-217-2553, Art Batson (This is basically a contact for brokers only) CEO: Delbert Daily (I hope I spelled that right) Harry Timmons - he is a consultant performing duties similar to CFO (this is who I spoke to) 407-808-4562 General: Quick Tent, Inc. (QTNT), headquartered in Salt Lake City, Utah is the manufacturer and patent holder of a special high quality, camper friendly tent. Quick Tent was incorporated in March of 1993 for the purpose of developing and commercializing certain proprietary and patent rights granted to an inverse umbrella tent. Quick Tent has spent the last four years obtaining worldwide patents with twenty-two individual claims on their uniqe tent designs. QTNT's designs and patent applications are based upon previously existing tent designs that have been substantially redesigned and engineered to make a practical, cost effective design for intstantly setting up dome tent. Currently, Quick Tents primary market is the recreational camper, but they believe there are several additional markets that are not being tapped. Quick Tent plans to use the following marketing and advertising channels: ú Television commercial spots ú Television infomercials ú Direct sales to and through organizations such as the Boy Scouts and utility companies ú Trade Shows ú Video Catalog for multiple sales opportunities ú Established multi-level distribution channels ú Factory representatives to the retail market ú The Internet ú Magazines and newspapers Market: This year there were 15-16 million tents sold in the U.S. alone and there was over 1 billion dollars in worldwide tent sales. *Re: Float Insiders own half of the outstanding shares and are under long term restrictions. That leaves 650K in the float, however almost half of those are also restricted long term. When I spoke to Mr. Timmons he told me he felt the freely traded number of shares was around 350K I did come across other research which stated the float was closer to 175K. Now, I don't know how reliable that is but the way it trades, it is conceivable. In either case , the float is thin. Company projections: "The company is currently projecting first quarter sales 1998 at $3 million. Quick Tent, Inc. 1998 sales are forecasted to exceed $18 million in their first full calendar of manufacturing" This projection is in their most recent news release. I asked how they were doing in regards to those projections and came away feeling they were actually ahead of projections. The average tent price they are selling is approximately $159 but with a new manufacturing process they will be introducing will bring their price down to the $100 range. Mr. Simmons told me they were running into a problem!! They were having supply and demand problems. They can't keep up with the demand!! Most recent news: biz.yahoo.com Upcoming events: Big One 1st quarter numbers are complete and in the auditor's hands. He is waiting on the word from the auditors to put out a news release. Mr. Timmons would like to have the release out next week. If you look at the chart, you can see what happens when QTNT gets attention (small float). I did ask the all important question regarding will the numbers be in the red or black. The response was, they will be in the black but would not reveal any specifics. (Good sign, not giving me any information I shouldn't have) Last word: My gut feeling after speaking with the company is great. They have assembled a group of hard working individuals who specifically stated that building the company not the stock price has their 100% focus. The stock price will take care of itself. That doesn't mean they are ignoring shareholders. They hired Noble House of Boston to handle PR and print materials for investor packages. They will even send you a video showing how the tent works! This is ground floor. They already have over 1,000 retail outlets lined up and are working other mass marketing ideas. There only major concern at this point is keeping up with demand. Not a bad scenario. THIS IS NOT A BUY RECOMMENDATION, DO YOUR OWN DD .