ZOLT Message Board - Msg: 6942397

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Non-Tech : ZOLT

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To: froche who wrote (883)	12/22/1998 11:11:00 PM
From: Mike M	Read Replies (1) of 970

I referred Auric's cash flow comments to Zsolt via E-mail the other day...... The following was his response: Subj: Re: Zoltek's prospects Date: 12/21/98 1:44:45 AM US Eastern Standard Time From: ZsoltRumy To: Munsonia We are not and never have been in a negative cash flow from operations, so there is no need for capital (note: going to capital markets). We have slowed the capital expansion to preserve cash for development projects. Our carbon fibers business is not and never has been cyclical! We are proceeding as planned with the development of new and significant applications. Please wait a couple weeks for our annual report to define our progress. We should be in good shape with new applications soon. Until we have something meaningful to report, we will not send out "news". Zsolt Rumy

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