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Gold/Mining/Energy : Autumn Industries Incorporated (ATU-V)

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To: KenG who wrote (153)9/1/1997 1:12:00 PM
From: Coho   of 428
 
Ken, its been over a month and still waiting for your response:Don :
Just got back from Ft. St. John, for 2 weeks on working holiday. Will answer your
questions once we have our feet on the ground. A tough week of business last
week. We do have a large holding of ATU stock. Back in 24 !
Thanks !

Well it has been awful quite around the Sulton acquisition and now the most recent venture has failed. I have told a few of our little group to wait until the market stirs this fall and hope Autumn recovers a bit and then sell.

Where do you see this company going in the next few months? I have received phone calls from different stockholders expressing their concerns about high salaries and expense allowances resulting in an abnormal burn rate for a struggling company.

I recently talked to the president of a junior exploration company who told me he was not taking a salary and the office space was his own. He felt his commitment was to the success of the company and he was responsible to the shareholders for the company's success. Frankly I am more confortable with a management team who's stake is measured in success and not wages! What are your thoughts?
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