QDRX Message Board - Msg: 2200994

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Microcap & Penny Stocks : QDRX

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To: HLL who wrote (2667)	9/15/1997 8:12:00 PM
From: J. Davies	of 3977

Hector Yes I am offended. I have been waiting and watching this company for 10 years since a friend at NASA explained how thermoplastic composites could be a lot better and cheaper than thermoset composites (the kind used in stealth fighters). At that time Du Pont and ICI were into thermoplastic composites and little old qdrx was there as well. I love an underdog, so I invested. I am now averaged down to about 80 cents but I get very frustrated watching incompetent management screw up a perfectly good company. First there was Richard Fisher who got it up and running but was not from the composite industry, then Hayton who was just a stock manipulator. When Jim Palermo took over I held my breath but I thought he was heading in the right direction when he hired some professionals from the composites industry last year - and things seemed to go ahead for a time. But some of the things he has done in the last year don't make any sense - unless you assume that he is out to make every personal buck he can. I believe his managers must be doing something right - cos we are still seeing progress - good progress - Spinergy has shown faith in QDRX. Bicycle wheels are its only product and it has comitted to QDRX material for a brand new wheel. QDRX has competition in thermoplastic composites that Spinergy could have gone to. The volume is unimportant. A small canny company has got on the qdrx wagon. Its a pity Calloway are not so canny! I get very frustrated down here in Houston and I guess it bubbles over sometimes. Incidentally, the U of H has a center that is developing composite uses for offshore drilling. Just one of those exploration platforms in composite could make all the current thermoset volume look like chicken feed. How about it quadrax - are you ready to make 6 foot diameter tubes 300 feet long? Just scale up those golf and hockey shafts!! JD

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