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: John Wetterau who wrote (428)	12/3/1997 4:24:00 PM
From: Jim Chapman	Read Replies (2) of 1112

John, I agree with your long term outlook. A new startup will usually take 3 to 5 years. I'm also a long term investor and hold a significant position in Stelax. Successful investors usually hold to their convictions and don't follow the crowd. It doesn't make financial since to me to sell at a level that mutual funds are buying into. I have faith in Harmon's ability and influence to make this happen. I'm not as concerned with the cash burn as some are because we are a debt free company to date and Harmon has the connections to obtain the necessary financing to see us through. I also like long term capitol gains vs short.

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