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Gold/Mining/Energy : Alternative Fuel Systems ATF:VSE
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To: Ally who wrote (561)3/31/1998 12:02:00 PM
From: bc  Read Replies (1) of 4605
 
Hi Denise:

<The FP article seems to get its source mainly from Laurel's article, and gave a similar impression of certainty that AFS has a contract worth $180 million inrevenue over 10 years to install Mexican microbuses with the Sparrow units.>

I would venture to believe that the FP would do its own homework and would have contacted the company. If you believe otherwise you might want to call the editor and confirm.
There is a letter of intent signed between AFS and CCM to be formalized as a contract to Launch Phase ll when Phase 1 is completed in the near future. In view of the project partners and the overall commitments here I would say it will be a GO. I don't believe that I will be eating my words.
In closing it is very important to do your own due diligence and have a strong comfort and confidence level in management and the company's fundamentals. If not it's best to move on.
Regards,
Bonnie
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