Hi Terry: I agree. I have also tried to contact the company by e-mail,
inviting them to participate in our discussions at Silicon Investors,
but I did not get any reply.
I think we should start calling the company to get them more responsive to the shareholders. Other companies like Ultra Petroleum and Yamana have co. representatives at their Silicon Investors threads answering shareholders concerns. Why not here? I think we all should push for that by e-mail or telephone calls.
Top Cat (contributor to Stockman letter) contacted the company by
July 20 (read below), and then he went on holidays till this weekend
( I believe August 8). He is a very active fellow at Stockhouse. But,
I think we will have to start doing the calling and writting ourselves.
##############
ETC Industries Ltd. telephone numbers are:
Telephone (604) 683-6648
Facsimile (604) 683-1350
Investor Relations:
Baron Marney Ltd.
Kevin Murphy
1 (800) 680-4744 (USA only)
1 (206) 851-4744
E-mail: gmusil@direct.ca
Visit ETC home page and get registered with the company.
The following is quoted from their site:
Have any questions? Request info on a specific subject.
Fill in the form for a speedy response.
Fill in the above form or click the email.
Either way, we'll respond to your requests.
etcindustries.com
############
While our thread has been quite inactive, a little discussion
has taken place at the Stock-house forum (participation is free, unlike Silicon Investor that started charging):
forums.stockhouse.com
Below I will copy some of the postings at Stock-house that refers
to the latest news release:
##############################
Top Cat Results coming.... July 20, 1997 / 05:43 8444
I talked with the President of EIL on Friday, and he said exactly
the same as the last message... head geologist from Queenstake
will be in the office on Monday to help develop results to date...
they are expected results from Core #2 and #3 any day now....
I am waiting until the results are interpretted...
#############################
SteveH news release August 01, 1997 / 15:15 10798
Option on Puca Irca Dos Mil claim not being exercised
E.T.C. Industries Ltd EIL
Shares issued 10,058,940 Jul 31 close $0.16
Fri 1 Aug 97 News Release
Mr Kenneth Liebscher reports
The company will not be exercising its option on the Puca Irca Dos Mil
claim. ETC has an agreement to purchase 1000 hectares known as the Mata Mata project in Northwestern Peru. The Puca Irca Dos Mil claim comprises 100 hectares of the Mata Mata project and requires a property payment of $50,000 by August 2 1997 and accordingly this payment will not be made. The company, however, wishes to retain its option on the balance of 900 acres of the Mata Mata project.
############
teala steveh I don't think this means much do you?
August 01, 1997 / 15:38 10800
there only not taking 10% of the land, its my understanding
the gold is in the other direction. what do you think?
###########
SDS Reply to dany August 01, 1997 / 16:41 10812
The story goes that bad news is released on Friday so that
shareholders have time to digest the info over the weekend
and chat on the internet and NOT SELL IN A PANIC! Good news
is released midweek when the market is humming and the stock
can get a good bounce. As for this release, management has
apparently decided that the 100 hectares are not worth $50,000.
They're saving us some money by not exercising the option.
I'm still waiting to find out what the other 900 hectares are worth.
Hopefully midweek! I think the VSE environment is changing
dramatically. The quality juniors are starting to move. PVO, for
one, is also working in Peru.
###########
SteveH teala August 01, 1997 / 17:01 10819
Good question. I am frustrated by the delay in results. Then to see
this can cause a sell-off, degree unknown. That said, SDS seems to
make sense. My take was that they didn't have the money to spend.
Perhaps, as SDS, suggests, they don't want to spend the money.
This is another Press Release of the nature we were getting
from STS: more questions raised then answered. Still, I did a
search of what data I have accumulated on EIL, and PUCA doesn't
come up. This supports SDS. Probably unloading a looser to focus
efforts on more productive areas of Mata-Mata. Hope so.
How do we know there is an announcement coming. Any good rumours here?
#########
teala steveh insiders didn't sell today?
August 01, 1997 / 20:54 10887
the history of the vse is today there was no sell off only 3.5 thousand shares and the stock went up .o1 to .17 insiders new what was comming and if it was bad, someone would of dumped today.
I for one will be buying if the price drops, why because they'll play
the old game just before announcing the next drill results it will go
back up to .30+ and maybe I'll pick some up at .13, plus QTR didn't move either. I really don't want to get burned on this one.
##########
SteveH teala August 02, 1997 / 04:27 10908
I don't want to take (another) a bath either. I like your theory.
News didn't come out till after the close, so Monday is where we will see the affect of the release, if any. I believe like you that it may see .13 before .30, but just look at STS. Did the same darn thing. Went to .14 then to .30. I don't like it when companies write vague news releases. That was one of them.
Every technical indicator I am looking at tells me EIL is primed to move up. I guess we could look at it and say well we can only lose .14 per share more. I agree. If it gets close to .10, I just might have to sell something to buy something. The problem is what?
############
Well that is all that I know at this time. I also hope that they are fooling around with the News Releases throwing first the bad one and waiting for the good one to come when the market is more positive. ( I do not like it, but I have seen other companies, like Bema Gold, sitting on results). I like better a more trasparent way to handle the information instead of trying to manipulate it. But I guess that would be utopic: dreaming with a clean market.
Let's start e-mailing and phoning the company....
....and do not forget to post it here!
:)
Cheers,
Sergio |
