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Gold/Mining/Energy : APN,T Applied Carbon Technology
APN 10.37-3.1%Jan 30 12:50 PM EST

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To: Gerry who wrote (136)6/1/1998 10:31:00 PM
From: Scott Sinclair  Read Replies (1) of 175
 
Gerry,

Despite the current financial picture, this is a well positioned and undervalued company with excellent upside potential. We believe in Applied Carbon and we will continue to support it as long as is required.

The reverse-split is required to reduce the float, and increase share price to a level that will interest an additional group of investors. The result will be increased value for all shareholders.

Regards,

Scott Sinclair
Chairman, Applied Carbon
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