Carbite Golf Inc. Vancouver-CAB Message Board

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

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To: Tara Cobble who wrote (12)	6/30/1996 9:23:00 PM
From: Codfish	of 209

Hi again Tara, I just wanted to update this thread with information I gathered from Corporation X the other day: **************************************************************** Carbite Golf, June 26 1996 A few days ago Steve received another report from an analyst from San Diego who is following the company. He reported sales figures for 1st 5 months: U.S. $5mm sales and $350m profit. The numbers are a little bit less than actual anticipated i.e.:U.S. $5.2mm sales and $700m profit. In the first couple of weeks in July the second quarter results should be out including outstanding numbers for the month of June. A couple of analysts are doing write-ups with buy recommendations. These write ups along with the finalization of the vend-in in June 10 will help to support the stock. listing is in the works. Not sure if it will be Bulletin Board or Big Board. Also talk of acquisition of the outstanding 50% of the Viper Bite infomercial which will bring another $1mm to the bottom line. Talks in this deal are proceeding very well and the deal will be completed faster than many people think. Also there will be a new infomercial for diamond faced insert by later this year. Procedure of U.S. listing process has two sides. One is realistic and one is rumour. Realistic side: all applications have been made with SEC. However, no listing is expected to be finalized for 6-9 months Rumour side: Carbite is looking to merge with another company which is currently listed on NASDAQ. This would involve a full listing - not bulletin board. The big downfall with this company is its listing in Vancouver. It will not really grow until it gets to the U.S. exchange. One analyst says that it would be a $10 bill on Nasdaq right now. He said that he is currently dealing with a small golf company which is trading at $7 and it is losing money. He said that you have no idea where this thing will go when it gets on the U.S. exchange. When Corporation X first got involved with the promotion of Carbite, they told investors to look for a 6 month plan until the vend-in of the 50% was complete. Then 2 - 3 years we will have a company doing $50-100mm annual sales. projections look like $12 - 15mm sales and profit of $2-3mm. All U.S. figures. P/E anywhere from 15-40. Suggest 20 ($2.5mm profit divided by 17.5mm shares = $0.14/share) x ( P/E 20 ) = $2.85 U.S. Then consider the speculative value........ When you start looking at those numbers you have to consider a buy-out by another company. Patents are all sewn up. Taylor Made has approached them for the rights to the new dual density putter. Carbite said No, they will market the putter all on their own. They are trying to speed up production - can’t keep up with the demand. ******************************************************************* Well there it is. Any comments are welcome. Bill

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