To All: From Leroy Stockman Forum from Jeremy Feakins.
Dear Leroy, >To piggy back off of Thomas H's post on MTEN. I have
stuck with MTEN only >because of the dilligence and apparent sincerety that Jeremy Feakins has >shown this forum by
providing timely information. Had this not been the >case I would have been out a long time ago, licking my wounds and on
to >something else. > >With the RegS under control, only some good news on earnings will be able >to move the stock up
from here. If the news doesn't come soon, the stock >will drift back down to previous lows. Does Jeremy Feakins have
anything >to report on this front?=20 >Bob F
Subject: Re: Fan Mail Dear LeRoy: I appreicate the support from Bob F.
His confidence in MTEN is not ill-founded. As previously mentioned, our Company is doing everything it can to reach
break-even and profitability. We anticipate showing a profit by the end of fiscal year 1997 (ends June 98), and our business
plan shows us breaking= even by the third quarter of this (1997) fiscal year. Our business plan is well and truly on target,
and our Steridyne subsiduary remains profitable. We= have some exciting news to report,on the MTI PhotoScreener and
Steridyne= business, and this will be done in a series of press releases starting next week (we are just about to release one
confirming we have now raised all the money needed for the Reg S renegotiations and working capital).=20 Non-one
knows more than I the importance of reporting good earnings! Our investors can be assured that our course is steady and
we are now back on track after the debilitating effect of the Reg S deal. Apart from the Reg S problems, last years
Company results are typical of a company just out of research and development, and into the first full year of marketing a
new product. We plan to release that information shortly, co-inciding with a major announcment concerning the MTI
PhotoScreener sales to a major optical chain.Our first quarter of this fiscal year will show a dramatic improvement over
prior quarters, thanks to my new management team under the direction of President Bob Brennan. Again, I appreciate the
support and interest of members of this group. Best regards Jeremy P Feakins Chairman/CEO
reply: Jeremy, you come
across very honest and personally I think that is the key to a successful operation. People will tolerate much as long as=
they know the CEO is being honest and trying his best. You are on the right=20 course J. so don't let anyone deter you.
The market will honor you as=20 long as long as you respect them.... Best of Luck...LS zzzzzzzzzzzzzzzzzzzzzzzz LeRoy |
