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Strategies & Market Trends : Fatty's Donut Shop

KKD 21.00

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Aug 4 5:00 PM EST

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To: Matt Brown who wrote (4305)	11/9/1999 12:47:00 AM
From: SuperValu	of 5041

A TEXN post from Raging Bull. Very interesting! By: gobiedesertman Reply To: 1180 by Vike Tuesday, 9 Nov 1999 at 12:15 AM EST Post # of 1181 The ABS certification opens the doors to U.S. Merchant Marine use, U.S. Coast Guard recommendation and U.S. Naval examination. I talked with Ken Wilson earlier today. He said that the U.S. Coast Guard had expressed intense interest in the Sea Patch, in particular for use on barges that transport oil and chemicals via inland waterways in the U.S. He also mentioned that there were several major oil companies that were interested in the Sea Patch as a preventive measure to oil spills resulting from hull damage. There were indications that perhaps the Sea Patch might calm the environmentalist demand that supertankers be built with doubled-hulls to mitigate against hull breaches. There was even a hint that the U.S. Coast Guard might require vessels that carry oil, hazardous cargo or other environmentally damaging materials to have on board a Sea Patch or even several of the devices. Shipping companies have several motivating factors to outfit their vessels with Sea Patches: (1) Safety of vessel, crew and cargo; (2) Safety of environment and (3) In case of a spill, the ship can show a court and jury in the inevitable lawsuit that will follow that it was concerned enough about potential damage to the environment by having a Sea Patch on board. (Don't laugh at this last item, many fines levied on ships that cause ecological damage are often increased if there is evidence the shipping company showed little regard for the environment in their actions). The Sea Patch also has obvious applications for the military: if it can keep warships from sinking that have had hull damage, wouldn't they be worth having aboard? What would a U.S. Navy contract for Sea Patches be worth? What would a contract from even one major oil company be worth? What would a mandate from the U.S. Coast Guard that certain vessels must carry a Sea Patch be worth? What would several contracts from ordinary merchant vessels or shipping companies worldwide for Sea Patches be worth? And the Sea Patch is one of only five divisions in TEXN. I think we might even get rich with this stock. -Gobie Desert Canoe Pro- (Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)

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