STAX -----> Stelax Industries - A real gem. Message Board

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Microcap & Penny Stocks : STAX -----> Stelax Industries - A real gem.

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To: Jim Drewitz who wrote (416)	12/1/1997 3:00:00 PM
From: Scott Munson	Read Replies (2) of 1112

That paragrapgh was as vague as any I have seen the company put out, which is typical for Stelax. As of late I have begun to look strongly into dumping this stock. Reasons: 1. Delays in becoming profitable. 2. Lack of capital, resulting in delays of profitability via. no production capabilities. 3. Lack or interest in the stockholders of the company. These are just a few of the many. I truly can't forsee anything other than a snail's pace of growth in this company over the next year or so. The only real way for NOUVINOX to be of any real value is for a worthwhile company to buy Stelax and make the product on their own with some real production capabilities. BTW, why does such a "fantastic opportunity" only have 14% insider ownership, and, does the company actually have a voice to the public? If anyone can give some good reasons to be in this stock in the near future, I would like to hear them... and believe me, I have looked long and hard at STAX over the last 2 1/2 years. Sorry to bash, but STAX is hardly looking out for its shareholders, of which I am one.

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