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.

Gold/Mining/Energy : Unitec Int. Controls Inc. -- Ignore unavailable to you. Want to Upgrade?

To: csm who wrote (599)	11/4/1998 1:56:00 PM
From: John B. Smyth	Respond to of 856

My bottom line focus over the year has been directed towards achieving a listing on a senior exchange. If we make the $200K net profit this year it will meet the current minimum for one of the exchanges we are considering. This new development will dramatically improve our working capital and cash position. Other developments in the works will provide further impetus to revenue growth and technology leadership. This arrangement will assist in achieving new goals. Howard is working on getting us "Blues Sky'd" additional U.S. States, which should open up new buying. Regards, John

To: csm who wrote (599)	11/4/1998 2:28:00 PM
From: Technopeasant	Read Replies (2) \| Respond to of 856

New rules for TSE listings for profitable industrial companies are $200,000 in pre tax earnings, $500,000 in pre tax cash flow and $2 million in assets. Whether getting on the TSE is worth some of the costs is always a debate. Recently its reputation outside Canada is no better than the VSE. Some BC companies have moved to the ASE. Given the location of this new "Division" maybe that would be an idea? The TSE would probably improve access to capital, but the listings are heavily populated with companies which have been beaten down unmercifully. (I know, I owned some! ;-( In other words it is not an unmixed blessing to make the move. The TSE has its share of stocks trading below $1:00, but I would think it would be easier to attract some serious interest on that exchange if the entry were made at $5.00. Any idea what $200,000 pre tax would transfer into in terms of share price? I started to do the math, then realised that $200,000 wouldn't necessarily move the stock at all! Good earnings haven't moved the stock as much as news.