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Gold/Mining/Energy : Unitec Int. Controls Inc.

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To: GARNET who wrote (849)	3/10/2000 1:57:00 AM
From: GARNET	Read Replies (1) of 856

Got this from another Website. - From something Kaiser put out 2 weeks ago. "Unitec International Controls Corp (UIC-V: $0.20) Avoid - bottom-fish coverage discontinued Unitec International Controls Corp (UIC-V), which I gave up on in December as a Bottom-Fish Dud that should be avoided, has shown a bit of life amid signs that Tim Brock's group is trying to resurrect the company. Peter Grandich, who had joined Unitec as part of an effort to turn around the floundering company, recently threw in the towel after a Chilean customer cancelled a purchase order due to non-performance by Unitec. The cancellation forced Unitec to write off a $404,000 receivable. In mid February Joseph Flatley joined the board as a director, signaling that Unitec's John Smyth is finally ready to accept a helping hand from the group that provided the shell for the original Unitec RTO. I am no longer covering Unitec as a bottom-fish, but wanted to alert any bottom-fishers stuck in the stock that there may be hope for the company again, and that at the very least the stock will go for a modest spec cycle."

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