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Re: Smithasd post# 9367

Tuesday, 09/14/2004 10:37:27 AM

Tuesday, September 14, 2004 10:37:27 AM

Post# of 53800
Smith

Great post!!! Some real analysis for a change...

You said: "Then the share price is being held down by the Company ie Dutchess selling."

I have said for many months now some of the selling pressure is the Dutchess equity arrangement with the company getting their working capital there. Plus Dutchess sells stock ongoing when they can so they can can make $$$ and are not left holding a large position should the company fail. A very real risk with the low revenue and high debt.

I agree the company cleaning up the balance sheet will be a huge plus if it occurs.

But the real kicker needed is profitable revenue to make the company cash flow positive so they do not continue to go in debt, have to continue to sell stock and start to make $$$.

My 12/31 estimate $.25

Bylo


These are my personal comments, observations, opinions and should not be relied upon for any investment decisions, and as always read the SEC filings for the facts of the company

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