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 (676)	7/15/1998 8:23:00 PM
From: Eric G. Erpenbeck	Read Replies (2) of 1112

Chris, I know you have been here a long time but gosh if you ask me this one takes a leap of faith way beyond anything I can reason at this point.. Look at the available cash on hand.. What will they do when it is gone? How will they operate? Is dilution the solution or what? What will be done for operating cash with no orders????? I can only say I am glad to be out.. I thought the numbers might be UGLY!! For those that really have the guts, like JIM and probably others I really do hope for the best.. I will just keep my eyes on it from afar but something big would have to happen to show me STAX has any value near where it is currently trading. Honestly my best wishes for everyone.. I would suggest finding out how they plan to operate on the dwindling cash reserves!!!! I think it is amazing the stock has held up today based on the 10K but I am happy for those that own it. Eric

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