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Microcap & Penny Stocks : Quadrax Corp. (QDRX)

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To: Eduardo Canto who wrote ()3/13/1998 11:32:00 AM
From: strtrset  Read Replies (2) of 45
 
Q ain't dead yet but court will give
okay for sale soon. Both plants will be put up for open bids by bankruptcy
lawyer Allen Shine and first to be paid from monies received will be salaried
personnel. There won't be any left for other creditors.Jim Palermo and Quade
have asked for their salaries to be paid upon Q assets. Wondering why Co. now
has two CFO's and two CEO's? Whom ever buys Vista plant-needs production
capability from RI plant so someone might buy whole package. If so it is very
possible that the Q will then be able to get financing under new team.
Contracts for the shafts are still existing but they OEMs need assurance that
plant can support demand.
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