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Microcap & Penny Stocks : ALANCO ENVIRONMENTAL: ALAN
ALAN 0.00Mar 8 4:00 PM EST

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To: Daniel Schulman who wrote (150)8/6/1997 12:18:00 PM
From: Schafe   of 402
 
Daniel:

I was beginning to think I was the only one left in this dog. Sorry, I can't answer your question on the insurance adjusting division (note the company called it the "insurance division", but it was ony a claims adjusting company, not an insurance company).

When I spoke to IR I was two weeks ago, I was looking for an excuse to bail on this one. The IR guy seemed optomistic, so I decided to let it ride. I trusted the IR guy because he was honest with me several weeks before the last earnings (loss) anouncement. He told me then that the stock was weak because the Salubre (sp?) was not going as well as projected.

The IR guys name is Charles Goyette. (602) 874-0448. Why don't you give him a call and see if you can get any info out of him. I couldn't get any info on the number of new Fry-Guy units being installed by independent distributors, only that the pace had picked up and that Walmart had also increased the number of units. You might also ask if the date of the shareholders meeting has been set.

Thank goodness that the remainder of my portfolio is doing well.
Go APM, Go CREAF, Go PAIR
<NOE>

Best regards
SCHAFE
Hoping for (but not expecting) good new later this month.
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