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Gold/Mining/Energy : APN,T Applied Carbon Technology
APN 10.37-3.1%Jan 30 12:50 PM EST

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To: Andrew Patterson who wrote (2)12/31/1996 10:35:00 PM
From: Richard Nash   of 175
 
Hi Andrew !!

Yes, two years ago I held 50,000 shares of the company. I bought at 8 cents and sold at 12 cents. As you already know small comanies like this are very risky, but you can make money !! Mineral Resources @.055(MIC) and Sikaman Gold @.07 (SKG) are a lot like APN, and right now most of the penny mining stocks are down alot. Although I have no up to date info on APN, call the companies investors relations rep. and ask questions ! Such as "What are you major projects ?" , "Will you need future financing and how ?" If they want you as an investor they will provide answers !!! If you feel comfortable enough maintaining your position in the company, the stock will probably hit the 17 cents level within the next 3-6 months !

Remember these stocks are risky!!!!! You could make a lot or lose a lot. IF and when you can make a 10-20 percent profit sell, you will most likely have the chance to buy it back again at a cheaper price.

CALL COMPANY AND TALK TO THE INVESTOR RELATIONS PEOPLE !!!
THEY SHOULD BE ABLE TO GIVE SOME INCITE INTO THE FUTURE OF THE COMPANY, GOOD LUCK!!!!!!!!!!!!!

OH YA, HAPPY NEW YEAR, Hope you make some $$$$

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