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Gold/Mining/Energy : Innomat Solutions Corp (INAT - was Stackpal, STAX)

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To: terry astle who wrote (8)7/2/1997 9:26:00 PM
From: Obie   of 580
 
Terry:

It definitely is not ideal for a stock to be on CDN and there definitely is a lot of risk. However, every company must start somewhere... Personally, I don't see to much difference in CDN to the VSE. Even though the VSE is SUPPOSED to be regulated more often, it is also known as short seller's haven and IMHO is just as risky and volatile as CDN.

CDN for a lot of companies is their stepping stone on the way to the TSE or MSE. If you have followed BBS recently, you will know that Sharpe Resources just recently, they have made the jump. I know about other companies that have also made the leap. The bottom line is if the company has the fundamentals and the management, being on CDN shouldn't be too negative.

The thing that appears to be positive for STAX is the fact that Paul Kavanaugh is running the show. If he is as credible as BBS believes, then IMHO there should not be too much concern about this company being on CDN. I would however, want to know that they do not plan to stay there for too long before I put any money down.

Obie.
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