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Gold/Mining/Energy : Kafus Environmental (KS)

KS 34.95

0.0%

Dec 14 4:00 PM EST

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To: Peter G. Mackey who wrote (116)	8/25/1998 7:34:00 PM
From: Hal	Read Replies (1) of 229

News today: biz.yahoo.com Any comment on this part? ''Kafus' securing of the ECT loan was made possible by the pledging of collateral by The Samarac Corporation, Kafus' controlling shareholder, owned and managed by Mr. Ken Swaisland, Kafus' Chairman,'' stated Mr. McCabe. ''The loan facility will give Kafus the funds necessary to complete the first phase of its global development program and realize its true market value. This marks the beginning of Kafus' transformation from a development company to an operating company,'' added Mr. McCabe. Kafus has been trying to catch the attention of investors, but this hasn't shown up yet in the price. Franklin Insight, a socially responsible newsletter, did a profile on them a couple of months back. Any word on NY plant, or the kenaf paper mill? Hal

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