Joe, here's a little more info on SGII they have more going than just the coal.
From SGII club. In particular item 4 on sensors
s.g.i kiddjj123456
Mar 23 1999
6:00PM EST
An open letter to S.G.I Shareholders
I am going to start off with a quote from Abraham Lincoln " A majority can be as little as one…if you are right". I feel I am still in the majority, sure the stock is down to .15, but the fundamentals of the company have never been stronger, from the business side of the company it is stronger today than any time in their history. From a financial side of the company it has gone through some troubled times but in my opinion it will be soon justified,
To all of you that have been writing all these negative things on these different threads, it is your form of terror to the shareholders and with it is your communication with the company. Failure is not defeat until you stop trying and take this for what it is worth; Joe Savoca will not stop trying
For all of you that wanted to know about Mike Rose, I have had some conversations with him and I will give you a little insight on Mr. Rose.
1.He came from a successful career in the petroleum sector of the energy industry. His career has allowed him to participate in many aspects of the business: namely, designing, operations, purchasing and marketing.
When I ask him about working with Joe Savoca his answer was ' his energy. His business sense. Honesty and trustworthiness is as same as it was some 20 years ago" he was also very excited about the team of people Joe has chosen him to work with saying " The people that work for this Company are outstanding, with each in top of there field" also stating the loyalty of the employee's to the company. To me this was very refreshing. He also went on to say" The Company is on the verge of breaking out of its technology shell.by commercializing some of its coal and oil technologies " to me this is what I wanted to hear and I am sure you as the shareholders also
3 I know some of you was expressing your concerns about Mike Rose's not saying anything since taking the position at S.G.I, this is why I took upon myself to ask him what he sees in the near future foe S.G.I
4. I then ask him how he would bring S.G.I. out of there technology shell, he then explained to me that he had just returned from visiting 2 large engineering and construction companies, which verified our O.C.E.T Process significantly improves existing solvent deasphalting operations, Mike also stated to me That they our discussing the possibility of introducing S.G.I. technology to existing clients of theirs with the object of retrofitting the client's units with O.C.E.T!!!! This in my opinion is a very large step in the right direction,in my case I HAVE TO BE INDIFFERENT TO THE STOCK PRICE RIGHT NOW,BUT LOOK AT THE FUNDERMENTALS
4 He then went into how he is working with a very large instrumentation company( approx. 4 billion in shares) about the level sensor the O.C.E.T. lab has devised.I will give you a little background about the sensor. The sensor came about in order to solve a problem that the lab was experiencing in determining the difference between asphaltene and deasphaltene oil that exists in a steel vessel of our O.C.E.T PDU process.thus the sensor was invented.He then told me that it may have many application ,the large instrumentation company is willing to pay a royalty to S.G.I and then possibly utilize S.G.I's subsidiary AMS TO manufacture some portion of these sensors
In ending Mike said that opportunities are available now for S.G.I to realize cash flows and profits!!!!!
I felt it was my duty to write this letter and I know I will probably be maligned by some of you disgruntled shareholders but this is one mans views, and yes good old Abe might be right down the road by saying a majority can be as little as 1 if you are right!!!! Some of you people think I am half nuts but I will leave you with this thought . The greatest oak was once a little nut who held its ground!!
Now I hope this guy does not get me for posting it but DD is DD.
:-)
GB
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