Biosafe International, Inc [BSFE] Message Board

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Microcap & Penny Stocks : Biosafe International, Inc [BSFE]

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To: Audun Narvestad who wrote (53)	9/26/1996 8:06:00 AM
From: DCBEN	of 280

Audun, et. al., This stock is not behaving like one with major good news due within days. Has anyone spoken to the company or to the IR firm recently? Last report I had was of a conversation early in the week with the CFO. Asked what was driving the price down he apparently (this is second hand) was willing to speculate that the market was still saturated with shares resulting from the company's debt reduction efforts (see 10-q report on debt to equity conversion) and possibly that the family of the former CEO was disinvesting in the company (selling into a market with few buyers). If those are indeed the causes, then us long term holders will weather this. Buyers will appear once the Vermont, Mooretown permit is in had and Project Financing arrangements are announced for Fairhaven and Mooretown. (last I heard, mid-October). If, however, there is a serious glitch I'd sure like to hear about it sooner, rather than later. Sure would appreciate some news or insight. Jay, are you still there??? Allan

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