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Microcap & Penny Stocks : INFE ... Infocall another Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: slyfoxhunter who wrote (9413)	1/18/1999 12:43:00 AM
From: Sigmund	Read Replies (1) \| Respond to of 10343

<<<< Shares Outstanding (Approx.) 8,000,000 <<<< How do you know how many shares are "really" outstanding in a non-reporting company? You can call the transfer agent but I believe that they can only tell you how many have actually been issued. I don't believe that they can tell you about options, warrants, convertible debentures, convertible preferred stock, contracts calling for the issuance of shares, promises etc. It is clear that there will be many many more shares out there if this company is successful at either increasing its capital or making acquisitions by using shares. Either way there will be many many more shares out there. So talking about the current number of shares outstanding is really irrelevant to put it in the most favorable light. You really need a better reason to hold on to your shares. If the company's strategy is to make many acquisitions then you need to believe that acquisitions are a good way to grow a business of this type....you have to believe in synergy. If you accept the premise of the INFE business strategy then the number of shares outstanding is not particularly important as long as you think INFE management is adept at negotiations. Personally, I want to buy more shares but if the stock were trading at $3/4 or higher I would think the chances of success were better. The lower the share price, the more costly it is to make acquisitions or raise capital. I am glad you mentioned the 20,000,000 authorized. Certainly this is a limitation on the company so it needs to be changed. One way to change it is to simply do a reverse split so I would not be surprised if that is the approach. Alternatively they can ask the shareholders to increase the level of authorized shares. I look for one or the other within the next three months. This again casts doubt on the relevance of the current number of issued shares.