LENP.T (LXPYF-OTC.BB) Best story ever? Message Board

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Microcap & Penny Stocks : LENP.T (LXPYF-OTC.BB) Best story ever?

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To: Dan Turner who wrote (202)	1/31/1997 6:38:00 PM
From: Euan Hayward	of 619

I just talked to the Lenox IR people and got some clarification on a few issues. First, I inquired about the other Matrix Tool which I posted about earlier. It turns out that the name of the new Lenox subsidiary is Matrix Composite Tool and Mold. KK said that there were several Matrix Tool Co's. Secondly, the FY earnings should be out by early next week along with (possibly a day or two afterwards) first quarter earnings. You were right about the Patents being the cause of the hold up, I was told that they are switching from the Canadian reporting system (at least regarding patents) to the U.S. system. The goal of this is to somehow gain a tax advantage by spreading out the period over which they write off their patents over a 15-17 year period. This may also have something to do with their efforts to get listed on NASDAQ. Great news about the TV spot for insta-trak, a little publicity certainly never hurt! EH

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