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Microcap & Penny Stocks : SFDA....Stratford

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To: MCorbley who wrote (56)4/24/1997 11:51:00 PM
From: mark s   of 75
 
Michael,
Thanks for the info. Here's my take on the info provided. I would guess the share cancellation would be viewed as a positive, since there would be 18% fewer outstanding shares to dilute earnings. I would assume that since they mentioned the share cancellation in this news release that they are seriously considering taking this action. Therefore, I'd expect an announcement about end of April. Maybe May.

The news regarding the revised financial statements is also a good thing in my opinion. This company needs to put the past behind, and move on. Once the audited statements are published everyone will be able to get a feel of revenues, earnings, growth, etc.

It's good to see that they've retained an investor relations services.
This should help spread awareness amoung the investment community. If the growth follows, as I think it will, the stock price will adjust accordingly.

All in all, this information followed very closely with what McMillian told me in earlier communications. This reinforces my confidence in his honesty. Looks like he's doing the right things to me.

Mark S
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