The latest update from TQT.
> TRIQUANTA INVESTMENTS LIMITED
> Symbol TQT-Alberta Stock Exchange
>
> >From Bob Messenger-President
>
> GUATEMALA-
>
> We have had our technical consultant, Mr. Terry Colvin, in Guatemala from
> July 2-4, 1997. The purpose of his trip was to do an on-site assessment of
> the requirements for locating, installing and interconnecting a 10-20,000
> line Central Office(C.O.) telephone switch in Guatemala City. This switch
> will be the initial installation for a new telephone company being set up by
> a consortium from Las Vegas, Nevada.
>
> This is the same group who has contracted to install the 20 unit
> demonstration system for the "Golden Vision" Hospitality and Hotel
> Information Service System in one of their Las Vegas casinos.(See June 11 &
> 24, 1997 Updates.)
>
> We have secured the cooperation of Northern Telecom in Richardson, Texas, to
> provide refurbished Central Office equipment(DMS 250) and ongoing technical
> support for this project. Within two weeks we will make a proposal outlining
> the projected costs to get this C.O. switch installed and the project under
> development.
>
> At the present time there are over 300,000 requests for service by businesses
> and residential customer in Guatemala. Projected waiting time for a
> telephone, ordered today, is 3 years.
>
> In a related development, during the week of July 7, 1997 we will be
> presenting a proposal for a FM paging system for Guatemala City, to the Las
> Vegas group. The proposal includes all hardware, software, installation
> costs and the first 5,000 pagers for the system. Further information on these
> projects will be forthcoming in future UPDATES.
>
> STOCK PRICE-
>
> It's terrible!!!!!-Closing price July 4, 1997-$0.17 CDN or $0.13 USD.
>
> The stock is trading at a price it has not been at since the company first
> went public in 1991.
>
> In my opinion there have been two primary factors that have lead to this
> price decline.
>
> First, for which we at management take full responsibility, has been the
> length of time it has taken the company to develop the opportunities for the
> refurbished PBX switching equipment in countries such as Philippines and
> Belarus. This time factor has lead some investors to lose patience and sell
> their shares sell putting downward pressure on the stock price. We continue
> to work on these and other markets, on a daily basis, and hope to have
> further progress to report on both, and Venezuela and Columbia by the end of
> July.
>
> Second, and I believe much more important has been that over the last six
> months the Alberta and Vancouver Stock Exchanges and the majority of their
> resource based listings have been taking a beating from scandals and now
> plunging precious metal prices.
>
> Many of you have asked: "Why has this impacted on a company in the
> telecommunications business?"
>
> The answer is that many of our shareholders hold stocks in junior exploration
> and development companies listed on these Western Canadian exchanges. As
> their stock prices have fallen, investors have been forced to liquidate some
> or all of their holdings. These falling prices have in turn lead to a decline
> in equity which is reflected in the overall market index's on Calgary and
> Vancouver-both having declined over 25% in the last 6 months. This, of
> course, results in the market participants on these exchanges, including
> brokerage companies, brokers, and investors becoming extremely hesitant about
> buying stocks and more sellers than buyers inevitably will lead to stock
> price declines.
>
> Given the very low prices that Triquanta is now trading at, there is very
> little downside pressure and it would appear that buyers and sellers are in
> equilibrium with prices showing a slight upward bias.
>
> The only positive aspect of the present stock price is it offers an
> opportunity for those of you who have been following the company, but never
> invested, to buy stock at what historically would be a very cheap price.
>
> >From your calls, I know that many of our existing shareholders have been
> "averaging down" at these price levels. For those of you who have not done
> so, and have the discretionary financial resources, I think it makes sense to
> add to your holdings at now.
>
> PRIVATE PLACEMENT-
>
> We are presently in discussion with three groups about our Private Placement
> and I would expect upon its completion, we would see at least a doubling of
> the stock price from present levels.
>
> For further information please call Bob Messenger at 1 800 565 4408 |
