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: Christopher Horner who wrote (669)	7/10/1998 9:03:00 AM
From: Jim Chapman	Read Replies (1) of 1112

Chris, I am also disappointed with the current price of the stock, however long term investors must keep their eye on the new technology as it relates to strategic alliances formed over the next year. This will determine the future growth of the company, and I am confident of HH's ability to negotiate our company's future. This will be his largest contribution to the company, and he has had a lot of experience in this field. The following web site gives me confidence in HH's ability to negotiate alliances. companynews.co.uk Investing in start up companies takes a lot of patience and many times an investor must extend his time frame in order to maximize the investment. CEO's do make mistakes and markets can be very unpredictable. HH admits that it was a mistake entering the stainless steel market, however he had no idea that the worldwide price of stainless would drop at the time. No doubt this will be reflected in the forthcoming 10K. Successful investing in start up companies requires a focused commitment and a lot of patience.

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