To: stock4U who wrote (50) | 4/6/1997 12:13:00 PM | From: Cabrina Dieters | | |
Chetan
I would like to know that too. Last information on the Edgar database Stratford was still trying to find an accountant willing to sign off on the financials. They've also changed their server to www.digitized.com/novacrete/. No recent press releases there or on the CA newswire. Excellent product from an engineering standpoint. What about the Eurotech Chernobyl connection? |
| SFDA....Stratford | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
To: Cabrina Dieters who wrote (51) | 4/8/1997 8:19:00 PM | From: mark s | | |
Cabrina, I began researching Stratford after reading an article in the November issue of Equities magazine. I found the technology intriguing, and see enormous potential in an extremely large market. I also liked the large profit margin potential. I was also very impressed with the web page that had been developed. However, I was concerned with the large stock price fluctuations that had taken place, so I made contact with Stratford and found out the whole story regarding the history of the company. I was very impressed with Roy McMillian, the new CEO. He brings 30 years of managment experience to the table. Roy accepted the position after the stockholders ousted the prior management. He seems to have the confidence, vision, and experience needed to turn Stratford around. It is too bad that he has to clean up such a mess left behind by the last management. During our discussion, I inquired as to the contents of the web page and the Equities article and their contents. Roy spoke honestly with me, stating that the product claims were true, (he believes that Novacrete is the best product on the market) but there was some embellishment, and some of the information was taken out of context regarding projections and contracts. I believe that this misinformation drove the price skyward, and ultimately caused the downward plunge. After taking over, Roy removed the information from the web page due to the inaccuracies, but plans to start adding information to it once the the new auditor report is complete. I believe he said the new auditing firm was Feldman/Radon. Feldman/Radon specializes in companies that have had problems in the past. From what I gathered from him, the audit was nearing completion. Although he expects the results to be very different that those reported in the past, a truthful audit should be good news for stockholders and the SEC. They've been holding off releasing information until the audit is complete. So the info should start flowing once the audit is released. Roy also mentioned that they should be in production of their product by April. Roy also stated that they just received test results from an additional product that will significantly increase their revenue stream.
I'm not suprised that the stock price has gone from .25 to the .60 -.70 range on much larger than normal volume. The word is getting out that this company, now with a great product and competent management is on the right track. I think the upside to this stock is enormous. Good luck to all.
Mark S. |
| SFDA....Stratford | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
To: mark s who wrote (52) | 4/8/1997 8:46:00 PM | From: Thomas Kundrat | | |
I am hearing that the plant would be open in 60 days & that production would begin shortly after that. Did Mr McMillian state that production would begin this month? If so are there any contracts in place for the product? Seems like a huge potential if the patented polymer is as good as claimed. Any idea when the audit would be complete? Any plans for a plant in the U.S.? |
| SFDA....Stratford | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
To: Thomas Kundrat who wrote (54) | 4/22/1997 10:56:00 PM | From: mark s | | |
Thomas, I haven't heard of the recall of stock, but I did hear of the possibility of an additional stock offering. The funds from this sale would likely be used for operating or capital expenses, which are needed until a positive cash flow is established. The number of proposed shares was 2 million. This would dilute the E/P/S by about 20% when revenues are realized, but considering the undervalued stock price and the stocks potential, I'm not too concerned. Mark S |
| SFDA....Stratford | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
To: MCorbley who wrote (56) | 4/24/1997 11:51:00 PM | From: mark s | | |
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 |
| SFDA....Stratford | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| |