APN,T Applied Carbon Technology Message Board

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Gold/Mining/Energy : APN,T Applied Carbon Technology

APN 10.70

+1.9%

Aug 14 9:30 AM EDT

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To: stuart duncan who wrote (135)	6/1/1998 5:13:00 PM
From: Gerry	Read Replies (2) of 175

Stuart, bying a mining property would certainly give APN a supply source with the accompanying control over quality of supply. With working capital virtually non-existent, how will this be financed? Kearney equipment still for sale or going to be moved. Share consolidation.. I do not like it. There is a floor now in the shareprice for many months now, any consolidation will temporarily lift the price but the floor remains the same. Consolidation should definately occur after a state of profitability has occured, not while money is still being lost. This is an important point as profitability was assured in newsreleases prior to any announcement of consolidation. Why 1 for 7. The company has such a long way to go to survive. How long is the group of Harold, Scott and you going to feed the Carbon machine? On the bright side APN is still alive. Will not attend the meeting. Too far Respectfully Gerald Haas

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