------------------------EXCELLENT POST------------------------------
I thought I would repost this E-mail message for any one who is new
and or missed it. Hope no one minds.
Input from Steve SSPARSONS - Here i bring Steves thoughts send to me by e-mail.
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Jens,
Can you post this to SI. These are some tidbits and my thoughts on ARET:
10 POINTS OF INTEREST
I am fortunate in that I see these announcements before most of the people here
on the AOL Message Board or the Silicon Investor. I have access to a Bloomberg
terminal at work and I naturally look at ARET about 4 times a day to see if any
news events flash across the screen. These are not phantom news flashes...they
are real. Your question to me was, "why be interested in a stock that trades at a
tenth of a cent". My answer is, "why do people trade stocks at a fraction of a
dollar or a fraction of a cent?". I am not the answer man...if you believe the
company will make you a nice return on your investment, give it a shot. Do you
believe ARET will become a thriving company that will be valued in excess of two
lousy cents? I think it has a chance based on the following criteria:
1. ARET is now a full reporting company. On April 9, they filed their 1996 and
1997 10-K Reports with the SEC. In a statement by the company in that news
release, there is a statement that says, "Management is committed to creating
new markets of growth that will ultimately increase the share value". For quite
some time, I was dismayed by this companies intentions. They delayed the release
of the 10-K's and they were not timely with their News Announcements. The
company has now changed directions. Announcements are coming at the rate of 1
every two weeks. They are also a full reporting company and they will not be
delisted from the OTC Bulletin Board. I view this company as a brand new
concern as it just emerged out of bankruptcy. If they can overcome their previous
mistakes, I think it is worth dropping a few hundred dollars...let the dice roll.
Obviously, you don't want to put your nest egg into this company but at less than
two cents and some of the following points being hammered home, I think it is
worth taking a risk. We all knew that the Statements were going to look
horrible...but who knows what things will look like if a few bigger contracts
actually come through?
Here are a few other interesting points about this company:
2. ARET obtained a 20% right to ownership of 1,800 acres valued at $34 million
for a Beach Resort in St. Lucia. Back in August, a news release stated that they
were in the final stages of financing and no closing date was set. I think it is time
to ask Delmar the status of this interesting project. Any takers?
3. ARET and Tomahawk placed a bid back in September for a Navajo Housing
Project. This is another Delmar question. I think it is time for a status.
4. The infamous "Letter of Intent" with the Missouri project valued between
$90-$120 million which was announced last October. ARET was supposed to be
the project managers for construction of an 1,100 acre resort. Again, Delmar
should be approached on this topic.
5. The saga of Fluor and the Plant Expansion that we have heard so much about.
This deal has blown up to $17-$25 million to design/build a package of 5 buildings
for expansion. ARET has been dealing with Fluor since last September on some
type of deal. My guess is that Delmar really wants this one and is pushing hard.
Look out if they get any type of construction contract with Fluor.
6. Signed Contract for $4 million to build a Hydroponics Facility in Clinton,
Missouri. They are going to be breaking ground by early next month. Yesterday,
they signed a Joint Venture to provide long term maintenance care and entered
into a joint venture agreement with HDC....nothing but good signs here.
7. Back in December, they were in the final stages of negotiating an agreement to
convert an existing greenhouse into a Hydroponics facility. Just to let you folks
know, the company they were negotiating the contract with was HDC...seems to
make sense they have a much better chance of getting some money on this deal.
The cost of converting the greenhouse is between $250-$500,000 USD. Future
expansion is in the range of $2 to $4 million dollars.
8. Back on April 13, ARET negotiated an agreement with the Dakota Ojibway
Tribal Council to provide design, engineering and project management for a pilot
housing program in Manitoba, Canada. This is in the range of $700,000 to $1
million USD.
9. Back on April 28, ARET signed a contract to provide design and project
management services for the initial phase of 500 low income homes in Mexico.
This project is good for $5 million dollars. This project is scheduled to be
completed within the next 6 months after ground breaking.
10. ARET signed a Memorandum of Understanding with HDC to design and build
a 2 acre hydroponics facility on Cheyenne-Arapaho Land in the Oklahoma City
area. A signed contract is expected by the middle of June. Project is in the range
of $4 million dollars.
IMO, these are 10 viable points of interest that this company has set before
themselves and the shareholders. Is it worth the risk? Its up to you to make the
final decision but I am anticipating that more news may be on the way with newer
projects and updates to older issues. Again, this is all my opinion. Take it or leave
it...I plan on holding or possibly accumulating more and posting further news as I
receive it.
Steve alias SSPARSONS (Can someone post this to SI please?)
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Yes Steve this someone could ;-)
Thanks Steve -
Kind regards
Jens |
