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Microcap & Penny Stocks : MACE (Mace Security International) -- Ignore unavailable to you. Want to Upgrade?


To: Bucky Katt who wrote (115)3/29/1999 5:11:00 PM
From: J R KARY  Respond to of 143
 
MACE cut losses but there should be a tax loss carry-forward

Car washes are very profitable and Mr Paolino's chain of 41 locations does $47 mln in revs .

MACE has greater potential with their worldwide professional services/products as the US consumner (retail) market is difficult .

MACE has ample cash and probably attracted Mr Paolino . Mace's tax accounting position may be his ticket to shield profits and add to the cash , then use Mace's cash inflated stock for acquisitions .

Anybody have details on how Paolino ($1.50 to $32/shr) did it before ?

Here's the YAHOO cite again for reference:

biz.yahoo.com

Jim K.