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Microcap & Penny Stocks : ABFG - AMERICAN BENEFITS GROUP, INC. -- Ignore unavailable to you. Want to Upgrade?

To: Henry Volquardsen who wrote (3679)	5/4/1999 11:46:00 PM
From: john	Read Replies (2) \| Respond to of 4128

Hopefully the financials will be forthcoming quickly. I called the company today, used my brother in laws name rather then my own. One of my questions: Did you have any sales in the past month? Answer, yes $800,000. Q: Were you in a loss or profit position with these sales? We are at a break even. Q: How long have you been operating? 8 months. My comment, That is pretty good to be at a break even after only 8 months of operation. Their reply to comment: Well we have had to pay about 15 miners at our mines. I would like to refer you to a post on Silicon Investor by a person known as "kowboy", he indictaes that Todd has committed funds to help a disabled shareholder, Mr Bundy indicated to me that this would not surprise him as Todd is very compassionate. Q: Is it the policy of ABFG to "step up to the plate" to help disabled shareholders? At this point Mr Bundy got Todd to join the conversation vis a vis speaker phone, I repeated the above and TODD categorically said it is not true. I then referred to the web :rodeo etc.com" Q:How is the health food store going? Not very well. I suggested they go look at a real retail health food store, the one thing they would notice is that they all have more then 4 products to sell. Q: Are there any planned aquistions? A: Yes, we are just closing a deal that will add 2 million dollars of positive cash flow to the company by May at the latest June of this year. Q: How many shares outstanding? A: 29 million, 8 million in the float. Q: If you did $800,000 last month, why in the world you you not put out financial statements and let the shareholders and potential shareholders know? A: Well we have internal statements and they are now being audited. Q: When is your corporate year end? A: Good question, I think end of last month. Q: You are in charge of corporate development and you do not know your fiscal year end? A: Yes, end of last month, the statements are with Jerry in Florida and he is getting them audited. Q: Then you will have statements by middle of May? A: No, give us another 30 days and we will then file our 10K with the financial statements. Q: You have a market cap of close to 40 million dollars, do you think this is a little high given the fact that you have not informed the public of your financial condition? A: The company is in great shape, with mining revenues and the aquistion that is happening, which will provide 2 million per month. Its unbelievable. I then thanked him and that was it.