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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge.
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To: LPasko who wrote (1404)3/15/1998 11:43:00 AM
From: Sergio H  Read Replies (1) of 1923
 
I wanted to organize my notes before posting. Here's the info:

I spoke to Harvey Goralnick of Focus Partners, the IR firm representing ATPX on Friday. The telephone number is (212) 752-9445. Harvey is intent on doing work that will benefit ATPX shareholders in the long run and not interested in doing a quick pump and dump. There is a lot of activity that is taking place at ATPX and behind the scenes that will translate to an increase
in share price. Let's look at the issues, concerns and solve some mysteries.....yes Ken, the SSSS puzzle has been solved.

NASDAQ LISTING: We can expect that ATPX will be listed on the Nasdaq National Market within the next few weeks. Naturally, there has been red tape, but there is no foreseeable reason to anticipate that the application will be denied. The only thing thing
blocking the listing is the red tape.

ATPX PROBLEMS: The hurdles that this stock must clear are the insiders that want out, small float and lack of institutional following. These are the reasons that Focus Partners was hired. It appears that Focus has a solution that will result in win, win, win for all involved.The insiders that want out are some of the shareholders of Equus Partners - long term shareholders in their retirement years who wish to cash out. The small float is a problem for institutional investors who are seeking not only a quality investment but also price stability and liquidity that small float stocks lack. Focus Partners has scheduled events beginning in April to begin the process of attracting institutional investors. I don't know when, but there will be a major announcement in the future concerning a vehicle providing Equus Partners with an exit strategy and providing ATPX with an increased float simultaneously. The Equus shareholders that want out are not selling their shares at the current price.

STEVENSON AND HONDA DEALS: Whats going on? Is there a Stewart Stevenson deal with ATPX or isn't there? There sure is. From the recent
10q: "The decline in revenue and earnings in 1997 was primarily due to a customer delay in the production of a $30 million contract that was secured in late 1996. We anticipate that this contract will start to produce revenues and income in 1998." This statement refers to the Stevenson deal and as Harvey explains it, "The Stevenson deal has been "amended". The Company was reluctant to put out a press release because they did not want investors to be confused and possibly assume it was another contract."
What about the Honda fuel tank deal? ATPX has locked and sealed this contract but is not authorized to release it yet. The Honda and Stevenson deals will be mentioned in the 10k, to be released in the near future. I believe that a press release for the Honda deal would be very good and will press Harvey for a good reason not to release this information.
I learned about the Stevenson and Honda deals from another source and thank Harvey for clarifying the details. All in all, ATPX is an undiscovered stock. It has started to attract attention now that earnings have been released. Future developments and announcements including the anticipated Nasdaq listing will furnish additional attention to ATPX. Things are starting to gel.

Sergio
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