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Gold/Mining/Energy : CHANNEL I CANADA INC. (CNLI) CDN
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To: burner who wrote (56)3/28/1997 11:46:00 AM
From: John Stella   of 95
 
Dan,

I went down to the office last week and from what i understood most of the internal problems (management) have been or soon will be resolved. The DPR has moved from sherbrooke to Montreal. His main focus will be on brokers, investors and media. Important news on the cie progress should be out shortly. The "slump" we're going through with this stock is not caused by the product, but mainly differences between some in senior management. As i said these problems will be resolved shortly.

As for Cogeco, if you closely read their article published in La Presse, they state that they have tried or tested other products including channeli's set top box, and that based on the results they have decided to go into the next phase of testing with Channeli's box.

In closing, it seems to me that management has gotten their act together and we are now ready to move forward. They assured me that their actions in the coming weeks will have a positive impact in the market.

Regards,

John
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