MECHANICAL TECHNOLOGY (MKTY) Message Board

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Microcap & Penny Stocks : MECHANICAL TECHNOLOGY (MKTY)

MKTY 12.23

+4.4%

Nov 1 5:00 PM EST

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To: Tom Hua who wrote (433)	10/22/1999 6:35:00 PM
From: Mad2	of 542

Tom; I haven't done much more on MKTY since my post to Infostream on 10/2, as after my review I found I couldn't get a borrow on Datek and didn't want to go to my higher priced broker at the time (although it would have been quite profitable). Anyway I view MKTY as a well engineered recapitalization in the form of the the spin of PLUG. At the time I assigned a value of 20 mil to MKTY's remaining business (ex PLUG), given the bulk of MKTY's value lies in PLUG I didn't really look to deeply into the remaining Test and Measurement business (loosing money and no apparent growth prospects). In a nutshell PLUG is simply a way of distancing the business from MKTY's prior history. The IPO route (as compared to a secondary) seems to be a cleaner way of accomplishing this and allows them to position PLUG as a pure play. techstocks.com Best Regards, Mad2

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