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Gold/Mining/Energy : Dynamix Corp (DYX was Dakota Resources, DAK)

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To: Benjamin Ng who wrote (571)6/5/2000 10:23:00 PM
From: Benjamin Ng  Read Replies (1) of 587
 
Oops, correction on last post... I meant to say I'd try and get in touch with Mr. John Squarek. Sorry for the typo.

I received an e-mail reply from Mr. Squarek today, and he essentially says he'll be spending the next couple months taking a close look at the company to determine the best direction for it and for Fastway. He wants to take the time to understand the company and its potential.

I did some preliminary research on Dynamix's relationship with First Star Energy Ltd (FST-CNDX) where Mr. Squarek was President and CEO from May '95 to May '99, and Vice Chairman until Dec. '99. Dynamix sub-leased or co-leased office space from First Star in downtown Calgary, and also participated in a few projects together (most notably the Kentucky shallow gas program). Some details can be extracted if you view DYX's Sept 23/98 news release. Also, there are a few coincidental news releases from both DYX and FST -- for example on Oct. 22/98.

I searched the history of FST's news releases (available at www2.cdn-news.com ) and one thing that is immediately apparent is that while Mr. Squarek ran the company, they updated shareholders with news releases quite frequently, which I look forward to with DYX.

One other thing worth looking into is the historical chart for FST while Mr. Squarek was running the company... from around the 0.15 range to as high as 1.00 in June '98, and then back down to the low 0.20's in 1999 as oil and gas went out of favour.

Not much else to report right now...
Ben
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