YBM Magnex Intl Sees Revenue Growth 30-35%/Yr In MagnetOp Message Board

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Gold/Mining/Energy : YBM Magnex Intl Sees Revenue Growth 30-35%/Yr In MagnetOp

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To: Richard Lam who wrote (14)	6/30/1997 9:31:00 PM
From: John Korven	of 314

Richard You are much more well versed in this stock then I am. But you correct me if I am wrong. YBM is a Hungarian company that at this point produces nothing in the US (although they do have a head office in the US). It is presently trying to solve this and become a US producer-I am sure this is where the lawsuit stems from. The recent financial arangements were to help start this project-from what I understand the folks in charge of this are European (probably Hungarian) who have tax free status for their company in Hungary. If I had any concern at all it would be last August two fund companies projected their stock price to be $7 and the other $8.50. We are well over that now. But they do and have had a lot of growth over the past year. Thanx for all the information and if I have stated incorrect facts please correct me. John

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