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Gold/Mining/Energy : Altair Nanotechnologies

ALTI 4.650

+0.9%

Dec 31 3:59 PM EST

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To: Rajiv who wrote (232)	2/13/1998 9:30:00 PM
From: Rajiv	Read Replies (1) of 603

The key with any new technology is commercial viability. Any new technology must deliver the goods to justify its exploitation in a commercial venture. Academic institutes rarely bother about things like commercial viability. You would be amazed at what goes in academic institutes - profs and grad students will do anything to get tenure and projects. They will never come out with results which are against the interests of a sponsor. Before someone flames for these comments, let me add that I am not accusing anyone. The comments in this section are purely from my own experience - having spent some time in an university and attended conferences (the best in the field) where majority of the papers presented are mediocre at best . Let us go back to the DuPont angle. DuPont, BHP, etc are huge - if any new technology with claims of "super-powers" come out : they will have to show more than passing interest. This is not a field with hundreds of claims. ALTIF is not selling the CJ to anyone (the official version is they intend leasing it). The company has not generated any operating revenues so far - my guess is that they have "gifted" a CJ to DuPont, BHP etc. for evaluation. DuPont was given the Series 12 CJ for evaluation well more than a year back. If this technology would have significant commercial potential (After all this technology was supposed to turn the TN property into a venture which would generate eps of $5 - remember this property is valueless using the currently available technology), DuPont would have taken steps to take control over the technology. There is a distinct possibility that ALTIF has convinced that its Series 30 CJ will have better promise (at least for evaluation) after its Series 12 CJ did not show signicant commercial promise. ALTIF is not spending significant $ on research - sign that this unpromising (at least to me) technology cannot be improved further I am yet to see any evidence of the commercial viability. The fact that ALTIF is not going full speed on its TN project (remember the $$$ it is supposed to earn) leads me to believe that this tech. is more hype than true. Remember, this is a company which has difficulty raising $5 million in the form of pure debt - the company obviously could not show any convincing information to the lending institutions. There is of course the issue of insider sales - the insiders (CEO included) does not think that the company will be bought out at $50/shr or generate an eps of $5/shr (as claimed by comments put up its webpage - how many companies do you know that put up comments like these). Finally, no one gains anything by flaming a person who has taken a counter-position in the same stock. Let us keep it that way. Regards, Rajiv

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