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Microcap & Penny Stocks : AmeriResource Technologies (ARET) -- Ignore unavailable to you. Want to Upgrade?

To: Silver Fox who wrote (6730)	5/20/1999 11:13:00 PM
From: Bird	Read Replies (1) \| Respond to of 7609

Silver Fox said: >Please re-read both PR's and compare them I re-read and still believe that today's press release merely defines the "secondary market conduit" referenced in the 2/18/99 press release. The only good news that ARET could possibly offer to justify the past run in their stock price would be signed building contracts for their "Tomahawk Construction" subsidiary. The potential profit on the loan origination fees of only 0.00153 per share is ridiculous and certainly cannot sustain the present .07 per share stock price. >ARET/FAMC will be able to make somewhere around 2-3% turnover on the >processing of those 130MM$ loans. And a net profit on those 3.25MM of around >25% = 812K$. No tax on the first 10MM earned - So there is basis for quite some >130MM loan processing years. >490MM shares outstanding = EPS 0.00166 >490MM + 40MM legal fee = EPS 0.00153 Bird