Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Wordcraft Systems -- Ignore unavailable to you. Want to Upgrade?

To: emljr who wrote (546)	2/27/1999 10:42:00 AM
From: bobkern	Read Replies (1) \| Respond to of 758

TAP. Question about contracts? In the 1/29/99 news release the company said: "As of January 15, 1999, the company is negotiating with new accounts nationally that have a need for the SWIM/TRIM software and whose requirements are in excess of $20 million. Included in the new accounts is a major Water Works Utility in California. The company expects to receive its first order for SWIM and its derivative products within the next 4 weeks." As the last poster stated, 4 weeks is up. Is this the news you expected yesterday, or are they close to releasing this news? I agree that this is a GREAT long term investment. I also agree that we need exposure, which the company is doing an excellent job of getting as yesterdays news laid out. Next to releasing financial information, announcing contracts is paramount in the world of BB's because it gives investors something to determine value with. Especially with the few amount of shares outstanding. For every $10M in profits generated from SWIM, this company will show .65 earnings per share. 10M divided by 15.7M shares outstanding is .65. Times a conservative PE of 20 is a share value of $13. Or for every $1M in profits, a share value of $1.30. Considering we are at .42 to .45, it wont take much of a contract to show us a higher value. Correct me if I am wrong, but SWIM could easily generate $10M in profits. Their costs have got to be extremely low giving them a very high profit margin for each sale. IMO. Would appreciate hearing opinions on this theory. Thanks, Bob