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Microcap & Penny Stocks : HGRM--Any Followers? -- Ignore unavailable to you. Want to Upgrade?


To: Ted M who wrote (1927)2/20/1999 6:06:00 PM
From: Jim Burnham  Read Replies (1) | Respond to of 3576
 
By the way--was it 25x earnings or revenues

I'm sorry it was revenue. Sales was the term used in the press release. Here is the entire sentence.

The Company has entered into new relationships that should increase sales by as much as 25 times during 1999.

That news release was dated 8/17. The Russian economy started it's landslide around 8/10. Kevin doesn't sound like the kind of guy that would include that little blurb of a sentence based on a possible Russian contract. Ted, did your confirmation source mention the date of the news article?

Even if I'm wrong, I'm glad I'm in HGRM. But I think I'm right.

Jim