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Gold/Mining/Energy : Carbite Golf Inc. Vancouver-CAB

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To: Andrew who wrote (54)2/6/1997 4:04:00 PM
From: Codfish   of 209
 
Andrew and Wile

From what I understand, Carbite meets all of the requirements for a NASDAQ listing except pirce. This can be overcome with a stock consolidation. ie: 1 share for 2; or 1 share for 1.5. Although this would reduce the number of shares, it would not affect your equity position. As Andrew notes, so long as business grows, the share value will increase comensuratley. So a stock consolidation may not even be necessary.

NASDAQ? My guess is 3 - 6 months. We'll see. A lot can happen to speed up or delay the process.

over and out for now

Bill
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