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Microcap & Penny Stocks : New Sky Communications (NSKY) -- Ignore unavailable to you. Want to Upgrade?


To: Eddie D. Gilbert who wrote (1883)8/26/1998 12:51:00 AM
From: rockets  Respond to of 2601
 
You are somewhat correct. NSKY's financials have not been exceptional. I wonder why this company has been touted as "awakening a giant"! The company will soon be very profitable. What did you expect at less than a nickle? Companies that dont make profits dont trade high plane and simple. What we are saying and along with the company is this, we believe the company has it's hand in many fires that will put NSKY back into the black. That is why you see the share price increasing. If you believe a company has got it's shit together, then you invest in it hoping that it pans out, in our case it is and will.

Good luck



To: Eddie D. Gilbert who wrote (1883)8/26/1998 8:10:00 AM
From: Benchman  Read Replies (1) | Respond to of 2601
 
Well, for one thing, the amount of red was very minimal, IMO. Only $52,000? If I read it right though, they have no debt. So at least the negative earnings hasn't impacted them in that regard. This is a company that is just beginning to put together projects that will generate earnings, so the red is to be expected. That is why the stock is selling at .03. Now that we have some proof that these projects are for real, the stock is worth more, based on future earnings, IMO.

Anyway, good luck with whatever decision you make on this one.

Rob.