MEGALITH CP (MEGH) Message Board

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Microcap & Penny Stocks : MEGALITH CP (MEGH)

MEGH 0.0001000

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Jan 9 9:30 AM EST

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To: rgerson who wrote (1)	6/17/1997 6:02:00 PM
From: Mike Taylor	of 430

IMHO, BE CAREFUL WITH THIS ONE. Megalith acquired ESCO and Dalcom elevators and has problems paying their current suppliers. I have visited other modern elevator companies in the Far East, most of their modern plants' assembly lines are fully automated. Megalith is operating at a disadvantage. They can't compete with the Hitachi, Mitsubishi, etc. Megalith would need substantial capital to modernize their plants and equipments. They are currently trying to raise the capital thru stock. IMHO, the reasons for the new series of optimistic press releases. Their recent earnings filed with the SEC is not impressive. Megalith may find a niche in the hydraulic elevators with the made in the U.S.A. label at a low price, but they need to pay their suppliers to gain crediability in the U.S. Also, doing business with China is tricky. I hope they collect on their products so they can honor their debts with their suppliers. Good luck, Mike

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