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Microcap & Penny Stocks : Auxer Group (AXGI) -- Huge revenue growth w/ new contracts -- Ignore unavailable to you. Want to Upgrade?

To: Lee N who wrote (731)	1/12/1999 11:30:00 AM
From: Clidec	Read Replies (1) \| Respond to of 1664

OK---nice shakeout--11:30 .06 x .077 get ready to go higher cj

To: Lee N who wrote (731)	1/13/1999 2:19:00 AM
From: Cindy Powell	Read Replies (1) \| Respond to of 1664

Hello Lee and all, I dug up a direct statement from Bill Ross, president of Public Securities Inc., a market maker for about 100 OTC-BB stocks. Direct quote from Bill Ross: "The cost of becoming SEC-compliant will run $25,000 to $60,000, and that's a very significant burden" for many microcaps." Mr Ross also thinks that alot of these BB's are going to have to give up their listings because of the steep costs associated with becoming nasdaq compliant. Once a company is nasdaq compliant, auditing and CPA's and legal fees should be in the $5,000. to $8,000. range if all is smooth sailing for the company, and depending on the company's individual situation and the paper chase. Does AXGI have upwards of $60,000 to pay out to become nasdaq compliant??? These are the questions that should be asked by everyone. They can have divisions and exciting products out the ying yang, but the bottom line is the $$$ and their earnings, and if they are having problems with their bottom line, I wouldn't be a bit surprised to see dilution and/or a loss of their listing. Buyer beware. Best regards to all, Cindy P.S. to David O, You and Ernie can get touch-y touch-y all you want and take offense and think whatever you like about my "motives." But the simple truth is that I am leary of AXGI even though I have had this baby on my radar for a few years, and in retrospect... sure I wish I would-a bought in at a penny and a half for the run-up, cuz I will do a momentum play here and there -- But as a long term investment, which I would perfer to make in upstart companies, I think AXGI is shaky. Sorry if that offends you. Until I see numbers, I wouldn't bank on this company.