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Microcap & Penny Stocks : STAX -----> Stelax Industries - A real gem.
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To: Scott Munson who wrote (423)12/2/1997 5:47:00 PM
From: Matt Kaarlela   of 1112
 
Here are my ramblings as an investor who decided to wait for increased revenues before he buys this one. Feel free to disagree...

I have done some investigating of the nouvinox process including patent searches, talking to engineers, etc and I think nouvinox is in a catch 22 situation. I'll explain: the main use for nouvinox is as low cost replacement to stainless steel. Now why do you use stainless steel? The obvious answer is for corrosion resistance. Now here is the rub. Who wants to gamble on the product being a viable alternative to SS unless it has a proven track record? When the project is as costly as a bridge, oil pipeline, etc, no one wants to take a chance on an unproven product. I don't think stock holders want to wait 10 to 20 years for a proven track record so what do you do?

If I were a sales person at Steelax, I would change the direction of the comapny. Why not look for applications that need the greatly added strength provided by a carbon steel/stainless steel blend rather than focusing on the added longevity of the product. Surely there are applications where SS is used that could benefit from the reduced size and/or weight offered by a blend that maintains the strength of carbon steel with the corrosion resistance of SS?
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