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Gold/Mining/Energy : EMR Microwave Technology (EMW.A)
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To: ddl who wrote (115)2/13/1998 1:58:00 PM
From: Casey  Read Replies (1) of 397
 
Denis:

This is from a communication that I had with Mr. Carl D. Ash, chief financial officer of EMR when I asked the reasoning behind the very recent share price increase:

"There is no material unannounced information.We follow the policy 41
disclosure rules.I can also tell you that the trading recently was not by insiders. I believe that the reason for the price increase is the increase in investor relations activity since Jan 1.We have hired I/R firms in New York and London,recently made numerous presentations to analysts in New York,Toronto and next week we are doing a quick 4 city road show in Europe,for which 1500 invitations and info packages were sent two weeks ago.As well,12 to 15 mining companies,and/ or their consulting metallurical engineers have visited the plant over the last 6 weeks.We also emailed the Jan 6 press release to 26,000 Canada Stockwatch subsribers.Because we were awaiting the completion of the pilot plant,we had not previously attempted to tell our story,outside of the local area,and have not attempted to promote the stock to any large markets.You will see a continuation of this activity and the start of our marketing of our metallurgical technology,both of which should help to get out our story further."

Might this be on of those stocks which could dig us out of the IPM hole? <g>
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