Metalclad Corp. (MTLC) Message Board

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Microcap & Penny Stocks : Metalclad Corp. (MTLC)

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To: Nittany Lion who wrote (35)	1/19/1998 8:43:00 PM
From: JMM3388	Read Replies (2) of 87

I spoke to Elgin William's on January 19, 1998. The NAFTA Tribunal has granted the Mexican government till February 17th to respond to the charges levied against them by Metal Clad. In 10 - 14 days we should be hearing something about the ground breaking for the second plant. They are also beginning to select a site for the third plant they wish to open. I was told they have learned quite a bit from the ordeal in getting the first plant opened. We went on to discuss how the waste will be moved and I was told a portion of MTLC business was trucking. I believe they have quite the trucking business all set and running already. This will give them quite a competitive edge in years to come. Remember each plant once up and running should bring.58 to .60 to the bottom line yearly. When I asked about reserves of cash I was told Metal Clad has $2 million in the bank. Still long on MTLC I hope this helps. Good luck all jmm3388

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