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To: Robert Dydo who wrote (376)2/24/1999 2:55:00 PM
From: Goldberry  Respond to of 572
 
Hard to know for sure but just maybe we will see a gradual upward growth in share price now especially if they can be progressively in the black in coming quarters. I would think that with the 4th qtr being virtually break even and hopefully 1998 included any write downs anticipated that profits will start to flow.

Based on the following

Revenue 4th qtr

Product sales $ 2,961,641 $ 1,576,054

Cost of sales 1,618,653 1,556,014

Gross margin 1,342,988 20,040

% --- 32% ---- 4%

The breakeven point seems to be sales of just over 1.5 million so for every additional $1 mill in sales from here that should provide about .01/per share profit not a lot but once they start to make bottom line more analysts will push the stock.

Graham



To: Robert Dydo who wrote (376)2/26/1999 1:43:00 AM
From: Edward W. Richmond  Read Replies (1) | Respond to of 572
 
Robert, I stated that my $1.04 buy order had not been filled. To my surprise I did get a partial fill. So today it closed at $1.02. Oh well, I can't quibble about 2 cents. Also, the bid/ask is 1.05/$1.10. Certainly, in my opinion, this stock is worth $1.04 and considerably more. I am amazed that the price dropped today. I suspect that too many retail investors are looking for an escape after holding this stock for a long time.
Regards, Ed