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Microcap & Penny Stocks : The New (ICUT) International Cutlery -- Ignore unavailable to you. Want to Upgrade?

To: Currency who wrote (17)	3/20/1999 8:29:00 AM
From: ChrisJP	Read Replies (1) \| Respond to of 46

Dear Currency, Regarding your post: ROFLMAO !!!!! Someone points out something not-so-postitive and you use the old "must want cheap shares routine". If you want to see something really not-so-positive, go here: biz.yahoo.com I like the part about their revenues and losses both equaling $1M ! So what's changed in the past 6 months that will turn them around ? Cost of merchandise cut in half ? Cost of operating stores cut in half ? Same store sales doubling ? Yes I know its old info, but 6 months wasn't that long ago. These kinds of financial miscalculations don't get fixed quickly. It would be nice if someone could read the recent 10QSB and could explain the implications of the portion of the report entitled "Liquidity and Capital Resources". Do the agreements with Sharp represent a "time bomb" to shareholders or not ? Looks like close to 50% of the float traded yesterday, with plenty of people happy to sell in the .20 - .30 range. This could represent huge resistance unless compelling news leads investors to value the stock higher. I like that 33% markup between the bid and the ask. Good to know the MMs won't go hungry trading this one ! If ICUT has a business plan available that describes how they expect to become profitable, (through QVC, web-sites, supplying Walmart or Target stores), then I say go for it ! Has anyone asked for one ? What I mean is, ICUT is currently a $2M/year business. How do they plan to get to $4M, $6M, $8M ? And I mean profitably. Does anyone know ? Or are people buying based on rumors from total strangers ? These are just my thoughts, cause let's face it, I don't have a perfect record picking stocks either. Good luck to all ! Chris

To: Currency who wrote (17)	3/22/1999 1:26:00 AM
From: Jill Collins	Respond to of 46

DD ON INTERNATIONAL CUTLERY (OTCBB: ICUT) 127 West 25th Street New York, NY 10001 (212) 924-7300 Outstanding: 10,189,248 Float: Approx. 3 m. 70% Held by Insiders Reporting Status: Fully Reporting COMPANY SUMMARY AND HISTORY International Cutlery Ltd. ("the Company") operates 19 retail stores and kiosks along the East coast. These retail outlets are located in shopping malls and airports. The company sells cookware, cutlery, household items and kitchen utensils. The company recently added to its product mix of merchandise by adding gift and impulse items which include travel accessories and games. The company has approximately 110 employees. According to Hoovers, the Company's main competitors are Williams-Sonoma and Bed Bath & Beyond. I checked out 3 of the malls where the Company has outlets. The anchor stores at the Montgomery Mall (Betheseda, MD) include Nordstrom, JC Penny and Sears. The anchor stores at the Connecticut Post Mall include Filene's and JC Penney. The anchor stores at the Trumbull Shopping Park include Macey's and Lord & Taylor. The Company's IPO was in December 1995. The Company was delisted in August 1997 because its bid was below the minimum. FINANCIAL Following is a comparison of the most recent thirteen week reported period to the prior period: Revenues: Increase of 14.1 % Same Store Sales: Increase of 24.8% EPS: Improvement to (.05) from (.16) The Company has a relationship with Sharp which includes a line of credit. A note is due July 31, 2001 which can be converted into a maximum of 60% of the outstanding shares of the Company's common stock, excluding the Class A and Class B common stock. BUSINESS PLAN The Company attributes much of its recent success to the additions it has made in its product mix of merchandise. Accordingly, the Company intends to continue in this direction. In addition, the Company is embarking on an expansion plan which includes the opening of several new outlets in Florida in the very near future and to expand nationally. RUMORS There appear to be several rumors that have been posted. The first pertains to expansion. This does not appear to be in serious dispute. The Company has confirmed that it is shortly opening up several new outlets in Florida. In addition, it has been published that the Company intends to expand nationally. (See references below) The second rumor pertains to the negotiation of an agreement with QVC. According to one post which is referenced on this thread, while the CEO did not issue a denial, his comments can be fairly interpreted as such because he apparently commented that perhaps he should look into it. My husband talked with an employee at the Company "off the record" and he asked directly about the QVC deal which was mentioned on SI. The response he received was that "the posts were accurate." I will not attempt to reconcile what appear to be different responses. There are several explanations, but any such attempt would be pure speculation. MY OPINION This is obviously not DD. This is simply my opinion. I believe International Cutlery should change its name to better reflect its diversified inventory. Other than this, however, this looks like a better than average BB company. Several years ago ICUT was showing a -.50 EPS and yet trading at several dollars. Most recently the Company posted only a -.05 EPS. The Company has shown increased revenues and a huge 24.8% increase in same store sales. With ICUT we have a real business, real sales, real inventory and a real plan for expansion. The company has good management and is forward looking. In my opinion a fair evaluation for this company is currently .50 per share. If the QVC agreement materializes a fair value would be closer to $1.00. RESEARCH Following are some sites that reference ICUT: marketguide.com marketguide.com hoovers.com nasdaqnews.com news.stockmaster.com sec.yahoo.com sec.gov snap.com trumbullshoppingpark.com connecticutpostmall.com

To: Currency who wrote (17)	3/22/1999 8:28:00 AM
From: Gator	Respond to of 46

Currency, Really not trying to get shares cheaper, and I hope it does take off. Just reporting what I heard. 10K won't be out until end of April (fiscal year end is end of January) so there's a long way to go until then and he wouldn't comment (obviously) on what to expect as far as profitability. He didn't confirm nor deny the possibility of opening new stores (of course, it doesn't take much to open up one of their smaller kiosks). They were closing stores last year (underperforming locations), so I doubt they will be going gangbusters on new store openings (not sure if they're capitilized enough right now to open a lot of stores). And the QVC thing, who knows? Maybe he was trying to deflect the rumor until it was a done deal. I just didn't get that impression. Gator