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Non-Tech : Wolf Industries (OTCBB:WLFN) -- Ignore unavailable to you. Want to Upgrade?


To: poorhouse who wrote (52)10/12/1998 4:41:00 PM
From: Tony  Respond to of 114
 
EDIT: Found it.

WRT the change in accountants, I don't see that as a major problem. There has been no going concern warning, etc.

WRT "good start" I think Amanda was referring to the days trading. Admittedly we're a good ways off where I first got in prior to the reverse. I'm happy enough with the progress that the company has made to average down, and I'm planning on just waiting.

I don't know anything about Source dental.
-Tony



To: poorhouse who wrote (52)10/16/1998 1:16:00 PM
From: Amanda Marley-Clarke  Respond to of 114
 
Hi poorhouse,

Thanks for posting the message to Chief and doing the research about the last news release...

When I said "good start", I meant - in the right direction. The reverse split hurt us short term as the market makers and traders had a field day with it, but long term effects should be good. The company's goal was to reduce the number of shares outstanding (now at 3,560,000) as well as the float (approx. 1.2 million). This will strengthen our position in future negotiations and will keep WLFN tighter from a market perspective.

Many of the shareholders I talk to who are in at the higher levels pre-split have looked at this as an opportunity to average down their price. With the management's aggressive pursuit of distribution deals and efforts to infiltrate the market with the Dental Color Analyzer, it shouldn't be long before the market responds.

As Tony mentioned (message #53), the SEC filing was a change in Accountants. Just a change...not overly significant, but we have to report all activity.

Thanks again for reporting the findings of your DD.

Amanda
1-888-253-6657
wolfindustries.com