AFTER THE BELL... June 5.1998
I knew that heading would get your attention! I just got off the phone with Dick White.
It was a short conversation, but I have a little information.
Jens, you asked about the agreements in Manitoba..
Yes they are done deals. Their wording of "has negotiated a deal" means they have
signed a contract, and plans, etc. will be drawn up for construction.
Jens, you mentioned to me that you thought the float was 40-50 Mil shares before the
10K, but not sure now with Delmar's situation. I will have an answer on Monday for
you on that one...let's just say the answer I got was not right, so I called back to
confirm, talked to Barry and he didn't know (Dick had left for the day). He said to call
Dick back on Monday.
Now for the GOOD NEWS...Dick said the 1st Quarter financials are due out in a
couple of days! Look for them by Wednesday next week IMHO.
To follow up on Steve alias SSPARSONS phone call last week...
1. The 3 Fluor contracts are all still alive with hopefully news
out soon, as they are getting close to awarding the contracts
on two of them.
2. The $90-100 Mil Missouri project is still a possibility if the
Asian situation gets better. The financing is coming from
there, so there won't be anything to report on until that
situation improves over there.
Dick said that ARET will be sending out PR's as each of the projects with signed
contracts "break ground." I would expect that, but he confirmed my thoughts.
Sorry Jens, I didn't ask Dick about whether AHI and ARET will be doing business in
the future...when I call back on Monday, I will ask that question.
To recap, financials due out "in a couple of days" is the big news. I will post on Monday
following my second phone call to Dick White concerning the float and AHI.
Have a good weekend everybody.
Gary |
