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Gold/Mining/Energy : EMR Microwave Technology (EMW.A)
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To: timroy who wrote (244)3/19/1999 9:55:00 AM
From: BAKE  Read Replies (1) of 397
 
Hi everyone.
We should be hearing some sort of update soon.
I had e-mailed Carl Ash (CFO) at EMR about 2 weeks ago. He said that there will be an update in ~ the next 2 weeks-----> which means ~now.

I had written that I was getting nervous, because NO NEWS always seems to mean BAD NEWS to us investors.
He said not to worry, and that the Bateman signing (finalization)
was coming.

We need some sort of upward movement in the stock to ease our minds.
What I'm hoping to see;1) final signing of Bateman.
2) Bateman will have to make their'significant
investment' in EMR in order to be the preferential engineering company for all of EMR's technology.
3) I am HOPING that this investment will have to come off of the market and NOT just a private placement.
4) I am HOPING that Bateman will purchase 2.5% or 5% or 10% of the company (ie. 1 or 2 or 4 million shares).
To purchase that many shares off of the market would drive the price up (maybe way up) and would likely cost Bateman a few million dollars.A few million dollars is what I would consider a "significant investment", especially if you consider how many contracts Bateman will engineer over the next 10 years.
5) Once Bateman is on board, HOPEFULLY we will then see some big institutional buying.

We are all waiting for that initial movement in the stock, and then there should be 'NO LOOKING BACK'.
Right now I remain nervous. Many sellers on the big board of the Alberta Stock Exchange, and no buyers.Everyone seems to be waiting.
At least the sellers are NOT driving the stock price down.

Yesterday's increase in volume at $0.40 was a good sign.(in my opinion).

Lets keep our fingers crossed.

Gary.

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