Penny Stock Market Again U.S. Crisis Team Huddles on Beirut
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20 - MANCHESTER HERALD, Tues.. Aug. 3, ItHB ■ %i/' Johnson views ' ' ' m, - A restaui’jant Summer is right time ■ ■ '.fi •’ ..■ changes at SBM at Wdtkins? for citrus fruit coolers . page 25 . page 3 , . page 15 Penny stock market again the Robotics International offering, has been one of the products, robotics and medical-testing innovations. And ’ Manchester, Conn. How’d you like to own a computer-controlled robot most successful underwriters of recent new issues. correspondingly, there’re fewer oil and gas and mining Chance of rain replete with 34 functions — that among other things will Chief among them: Coai'Technology, which came out issues coming to market. ' Wednesday, Aug. 4, 1982 vacuum your floor, immediately alert you and the last December at 10 cents a share. The stock was quoted ' “You’ve got the new (with knowledgeable manage < tonight, Thuraday authorities to any smoke, gas or fire in the house and Single copy 25c Dan Dorfman at 55 cents bid at press time. ment and real products) replacing the old (the exb'eme i — See page 2 M t r n l h even go so far as to inform any intruder that the cops ’The chief attraction here is the company’s coal log ly risky oil exploration plays) and this should heighten ; are already on the way? which will retail from $1.49 to $1.99; shipments will the cr^ibility of the penny market',” he says. anrli^Btfr Syndicated The cost: A mere $4,000. begin this month. The fireplace log market in the United Wenger’s latest analysis finds three penny stocks he ^ Too expensive, you say. Well, for a buck then, you can Cpiumnist States is estimated at 80 million logs annually and Coal views as particularly attractive: Cynex <$2.25 a share), ' invest in the producer and marketer of this robot: Technology president David Houge says he expects the Sonic Tape (2.50) and Science Dynamics ($3). ( Robotics International Corp. of Jackson, Mich. A 14- firm to capture 12 percent of the market this year and 40 month-old company that’s been leasing a promotional percent in ’83. He expects sales to run around $11 million robot named Denby at trade shows, RIC plans shortly to in the April 30, ’83 fiscal year, and figures pre-tax Big winners in 1982’s new issues sell to the public somewhere between 3 million and 5 Hoboken. N.J.), sums up the sentiment of a number ot profits for the same year at about $3 million. million shares at $1 a share. underwriters of successful new issues. Southeast’s next new issue — a highly speculative ..........................OFFERING RECENT PCT U.S. crisis team huddles on Beirut Given a successful underwriting, the company intends ’’Sure, there’s a lot of speculation, but you’re also startup venture — is Big Apple Farms, a New York ..............................PRICE PRICE GAIN to launch in early ’83 what president John Collins says seeing a lot more in the way of quality,” he says. “The State thoroughbred breeder. Plans call for an imminent Aubry Corp. 0.01 0.05 400 c The Israeli move today — will be the country’s first serious home robot. junk garde seems to be diminishing.” offering of 4 million shares at $1 each. Xwest Energy 0.09 0.25 178 ficials told them the move, the latest issued sternly by Reagan said. Protile, Inc. 0.50 1.25 150 national security adviser, William on Monday — while presidential en Among those joining Bush at the tightening a stranglehold on the RH:'S KXPKCTATIO>S are rosy indeed. Forecasts THK S'l'ATISTICS, at least based on the perfor Two close followers of the penny-stock scene, By Helen Thomas Clark. shattering the ninth cease-fire in PLO fighters and threatening tens of publisher Tern' Freeman of the National OTC Stock Overthrust Oil 0.20 0.50 150 : UPI White House Reporter almost two months, was “not the voy Philip Habib tries to negotiate session were Secretary of State call for sales of between 158,000 and 255,000 home robots mance of the new issues that have come out in the first 0.125 0.25 100 “We knew it was coming,’’ George Shultz, Secretary of Defense thousands of cilivians — came just over the next five years and a dollar volume within two half of ’82. give credence to Fiorese’s assertion. Exchange, a 'weekly publication out of Denver, and Energy Recovery start of an all-out invasion” of west the w ithdraw al of the 6,000 Telstar, Inc. 0.10 0.19 90 WASHINGTON — President Speakes told reporers, adding the Palestine Liberation Organization Caspar Weinberger, the chairman of two days after Reagan told Israeli years of $30 million to $35 million. Moreover, and here’s According to Going Public, a Philadelphia-based publisher Jerry Wenger of the Penny Stock News United States had “made diplomatic Beirut. Foreign Minister Yitzhak Shamir it (Columbia, Md.), both see brighter prospects for the Xtex Resources 0.10 0.18 80 Reagan summoned his crisis Israel bombarded the besieged troops quartered in west Beirut. the Joint Chiefs of Staff John the big kicker — Collins sees each robot throwing off a weekly newsletter that tracks new issues, the 91 com Consol Protection 0.01 0.015 59 management team to an emergency appeals since the weekend”' to Vessey, CIA director William Casey was “absolutely imperative” that panies that became publicly owned in the first six penny security. forestall additional Israeli assaults city for 14 hours Sunday, using the “Our position is that the most re minimum pre-tax profit of 25 percent. Enermark 0.05 0.065 30 • meeting today to assess a new cent action cannot be helpful to the and U.N. ambassador Jeanne the bloodshed in Beirut be stopped. How successful the company might be in achieving its months of ’82 have far outperformed the general Freeman believes this market is going through a on the Lebanese capital. assault to consolidate its position A State Department spokesman bottoming-out phase and points to an average 13 V4 per American Satellite 0.15 0.19 27 Israeli attack on west Beirut — an near the Beirut airport and to move peace process,” Speakes said. “It Kirkpatrick. lofty goals remains to be seen. But what’s especially market. assault officials said the United The special situation group con A Pentagon spokesman said there said the United States was “deeply relevant here is that the contemplated Robotics offering In this period, the various market averages declined. cent recovery in approximately 600 over-the-counter vened about 7:15 a.m., chaired by forces to the Green Line, dividing makes it virtually impossible to con 4 unhappy” at the Israeli action, an- securities (the majority brought out by Denver un States protested all through the the eastern Christian section of the duct diplomatic efforts. had been no change in the alert appears to be part of a serious and more discriminating But if you had put a buck into each one of the 91 stocks, Vice President George Bush, “to status of U.S. troops worldwide, and done official who asked not be be effort on the part of the underwriting community to you’d be up Just under 1 percent. And here’s the really derwriters) since the March ’82 low. $1 or over night. city from the Moslem area. “We have expressed our profound Presidential spokesman Larry review, assess and make concern to the government of Israel added that said he knew of no new identified added, “You can be sure focus its penny-stock activities — that’s stocks under $5 startling number: If you had put a dollar only into the “What that attests to,” he says, ”is the viability of the 12.50 7J. recommendations to the president,” The Israeli government of that we are upset about it, whateve • Computer Memories 7.00 Speakes said Reagan was briefed on Menachem Begin has appeared un and expect further communications movements of the U.S. Sixth Fleet — on tomorrow’s industries. cheapest penny issues — those under a $1 a share and 31 penny market . with more brokerage professionals Security Tag Systems 1.00 1.69 69 Speakes said. is going on.” and investors alert to abuses and past mistakes.” the heavy fighting “late last night moved by U.S. pleas for restraint — with the government of Israel,” he in the Mediterraneah. Dominic Fiorese, the 38-year-old president of all told — you’d average an ’82 gain of around 23 per VitalMetrics (x) 1,000 1,600 60 and again at 6:15 a.m.” EDT by his White House aides said Israeli of Southeast Securities of Florida (headquartered in cent. OBVIOUSUY, THOUGH, the skeptics remain Elan Pharmaceuticals 6.25 9.00 Clearly, the penny stock is demonstrating a good deal numerous — what with Freeman reporting that Denver A.M.I. Systems 2.00 2.88 44' r -/n B rief- more staying power, following the average 37 percent stock trading volume is down about 80 percent from a Crime Control, Inc. id.oo 14.00 40' decline such issues suffered during the February ’81- year ago. Data Switch Corp. 12.50 17.00 3b: March ’82 sell-off. That big drop was triggered by the 12.00 15.75 Tanks Wenger believes the penny-stock market is going B.P.I. Systems 3i: general market decline and accelerated by the Denver through a cleansing process. "We’re seeing more reali Home Health Care 15.50 20.00 2 9 ~ Krob holocaust which saw a slew of underwriters go belly up ty and less hype in the new issues coming out,” he says.