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Microcap & Penny Stocks : IRAE (The latest Small Cap Scam Company!) -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth R. Moss who wrote (28)8/5/1998 10:41:00 AM
From: Steve Rundel  Read Replies (1) | Respond to of 35
 
I just ran across a good laugh. Anyone remember this from one of IRAE's promotional fliers?

Projected E.P.S. '97 - $0.58
Industry P.E. - 26
Price Target '97 - $15.00 *
* Projection figures supplied by management

Hmmm, $15.00 vs. $0.21, and it's well into '98. And obviously, there was no need for IRAE to create those $5.00 warrants they touted about last Fall. They never did become public reporting like their last IR firm told me they would do by the beginning of this year. Potential investors beware!