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Gold/Mining/Energy : Carbite Golf Inc. Vancouver-CAB

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To: David Luczka who wrote (36)10/4/1996 5:50:00 AM
From: Codfish   of 209
 
No I cannot explain the drop David. Just profit taking in my opinion.

The price of the stock was up to the $0.60's level in January. After that it drifted lower and lower to the $1.10's. In June it hit a high of $1.95 when the company acquired the remaining 50% of Carbite Inc. in San Diego. Then drifted down again with not much "Big" news. I think a lot of people are tired of it - not enough patience.

My opinion? The new PR firm, Lewis, England & Associates is doing a good job in bringing the stock to the attention of buyers - mainly in the States where the market is - both for the product and this type of stock. In January's golf show in Orlando, they will introduce some more new products including the diamond face clubs. I think this fall the putter is to be getting into full production.

IT'S COMING TOGETHER (be patient)

Over and out for now

Bill
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