STAX -----> Stelax Industries - A real gem. Message Board

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Microcap & Penny Stocks : STAX -----> Stelax Industries - A real gem.

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To: Jim Chapman who wrote (628)	6/27/1998 11:08:00 AM
From: Eric G. Erpenbeck	Read Replies (1) of 1112

Have any of you guys checked with the Department of Transportations from Maine and Virginia to see what they think of Nuovinox? I think if you do your DD you might find your answers to be quite interesting.... Why not check with those that are using the product to find out a more objective opinion. Also is ASA Alloys, STAX's great Nx distributor doing anything? Who are they distributing to now and what about the past 6 months? Based on news I would say NO one. Keep the faith, remember our thoughts a year ago? Sometime these guys got to prove NX is a product in market demand!!!!!!!!!! What is the profit margin per ton of Nx, the answer to this would probably surprise most of us too I bet? IMO ONLY, I think the stock should be worth 50 cents at most at this time and based on the risk and the constant predictions by STAX that upcoming quarters will be profitable and yet they are not? HH may be happy but I am positive no one else has any idea WHY? Good luck and for everyone else I hope I am missing the boat completely! I really do I am out with little losses this time around. How does one value stax shares at 70 cents, based on the balance sheet, countless missed predictions, lack of news. I guess HH smile has alot of value with alot of shareholders. I would like to see improved balance sheet numbers, proof of significant demand for the product or should I say any demand for it, profit margins per ton sold, production capacity, current production rate and amount of stockpiled product. But like all of us, all we have is a SMILE from the CEO!! I would love to hear facts that show me why the value of the stock is over 77 cents. I sure can find them at this time. I wish I could.

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