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Gold/Mining/Energy : Bomax Resources - BXS.VSE

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To: Leigh McBain who wrote (116)	4/26/1997 12:06:00 PM
From: Johan van Slooten	of 313

Thanks Leigh for your update. I called Jim also yesterday. He said the same things to me, about meeting a British and German group next week. I hope, this will bring the necessary financing. The fact that the VSE approval is still not in, is because the VSE demands an independent valuation report on SSI. The earlier valuation was done by the lawyer of David Krenbrink, who happens to be a shareholder himself. The VSE didn't accept that. Another lawyer (at arms length) is now revaluating the SSI acquisition. My feelings tell me, that we've seen the worst now. The coming month will tell the truth. I think, they will get it running, although it has taken more time then I ever expected. Still patiently waiting, The Dutchman

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