Derlan (T.DRL) Message Board

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Gold/Mining/Energy : Derlan (T.DRL)

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To: Imran who wrote (71)	4/25/1998 8:42:00 PM
From: edward harris	Read Replies (1) of 319

Derlan offered to buy back all of the PR.A stock a year ago. I recieved cash for my holdings. The PR.A stock of about 3M that is being exchange for shares is from share holders that didn't take the cash buy out last year. There was 3,529,412 PR.A shares with a net worth of $26,279,000 before the buy back. The 4th qt of 97 finanals showed a comfortable cash position of about $26M. It appears they require the cash to expand their markets. The stock is weak from lack of positive news. The annual report should be out soon followed by the 1st qt results and a annual meeting in May. Look for positive news in May. Regards

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