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Gold/Mining/Energy : Footmaxx YFT on CDNX -- Ignore unavailable to you. Want to Upgrade?


To: Tom Jordan who wrote (20)2/2/1999 8:13:00 AM
From: Cush  Respond to of 64
 
The Spread; or why buying OTC stocks is a heads-up game.

As anyone reading this thread knows, I believe this company has good potential.
That said, here's a word of caution to anyone who reads the thread and decides to invest in shares.
Yesterday the spread was 10 cents. Bid $.55 Ask $.65

With OTC stocks this seems to mean that the best you could hope for if you wanted to sell would be $ .55
You might or might not be able to buy at $ .65 or less.

I have no knowledge that anything untoward has occurred with the trading of Footmaxx shares but this is a large spread.
Maybe it bodes well for the stock as it may imply that sellers are raising their expectations.

Let's hope so,

Cush



To: Tom Jordan who wrote (20)2/2/1999 8:25:00 AM
From: Cush  Read Replies (1) | Respond to of 64
 
Tom: Regarding insurance coverage for these custom orthotics, I don't know of a source for info. It's a good question.

You would think that some company insurance plans would want to have these included - higher productivity.

I think the beauty of this product line is the repeat business after the initial placement of the systems. I mean repeat business by the orthotic dealers, not by individual customers.
This is very similar to the concept I worked in for twenty years in Medical Device sales.
Nothing better than placing systems that continue to generate income.
The cost of sales is quickly offset and the revenue stream continues for years.

Hoping for encouraging financials from 1998.

Cush