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Microcap & Penny Stocks : SLS Industries (SLSI) Info (Hold the explosions, please) -- Ignore unavailable to you. Want to Upgrade?

To: Hubert Few who wrote (4)	8/13/1998 10:40:00 PM
From: crj_	Respond to of 37

I agree with you that the 10K relates some "interesting" facts. Note, however, that the people who actually had the concept for and did the design of the HID ballast were a separate company initially. As far as the salaries go, unless you are bootstrapping a company, you usually have to pay reasonable salaries to get reasonable people. I did note that the CEO gave the company a loan, and that he was not going on strike when he was not paid at one point. In the end, you have to decide how much you are willing to gamble. If you want a nice 100% gain in 6 months, buy a NASDAQ stock. If you want the chance of 500% or -100%, then go with the OTC. I'm a gambler at heart, at least with the portion of my portfolio that I can afford to lose. I had a feeling about DGIV when I bought it, and I have a feeling about SLSI. I hope I'm right, but you're perfectly entitled to say "I told you so" (again) if I'm wrong. Thanks for pointing out the bad points so that people can see what they are getting themselves in to.

To: Hubert Few who wrote (4)	8/13/1998 11:02:00 PM
From: crj_	Read Replies (2) \| Respond to of 37

Going Concern As far as the "Going Concern" clause, that is pretty much boiler plate accountant talk for any company which is struggling financially. Note that the report was for 1997, and they are still here. They have convinced some contract manufacturer to build these ballasts for them. So, they appear to have had enough resources to get the initial product out the door. With product in hand, if it really works, they should have no problem securing further capital.