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Gold/Mining/Energy : Venga Aerospace Systems Inc

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To: bigjoe who wrote (52)	11/21/1997 6:10:00 AM
From: bigjoe	Read Replies (1) of 202

Alan et all; Spoke to Mr Crosby by phone day before yesterday. And It appears that they are concentrating on getting financing to get the boats built in Vietnam,as they believe that this is where the revenues will come from to restart this company. I spoke to him about the plane and he advised that it was in a warehouse in Hudson, but was not assembled as yet. The plane is not a dead issue and plans are to get it built when is another question. The financing required to build the boats I believe he said 350-500,000 dollars. How they were going to get it was not revealed at that time... He left me with the impression that they were seriously trying to get this company back on their feet, and that he was very approachable which was very much lacking in the last president... thats all for now folks.....regards Joe

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