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Gold/Mining/Energy : Gimbel Vision International Inc. (GBV - ASE) -- Ignore unavailable to you. Want to Upgrade?

To: Glen Gordon who wrote (100)	7/5/1999 10:11:00 AM
From: Cal Gary	Read Replies (1) \| Respond to of 165

Calgary Herald article: 3 to 5 new clinic by years end promised Glen Gimbel. Well that's part of an article written by business writer Barry Nelson in yesterday's July 4th edition, in the front of the business section. Good balance of critic and optimistic outlook. Go check it out. Barry Nelson writes - lists competitors, competition, lower fees - growth thru new clinics 3-5 by year end, forecast 5 per year after - growth thru procedure volumes of annual 50-100% next few years - optimize existing clinic's processess and added marketing - a brief history and look at some individuals at Gimbel - "involves the use of Laser In Situ Keratomileusis (LASIK)" - setup in Canada and other countries, cost $800k-1M (CDN? or USD?) per new clinic, shared by limited partnership of 51% Gimbel and 49% JV local doctors - info on competitors LZR (The Laser Centre) and Lasik Vision Corp, their market cap, revenue and red ink - industry growing at 100% annually according to Glen Gimbel for next few years - estimates laser vision correction will be 4 times the size of contact lens market - Glen Gimbel predicts "20 per cent growth in procedure volumes and revenues quarterly". I assum this applies to GBV. He concludes "still early in the cycle in this business."

To: Glen Gordon who wrote (100)	7/14/1999 2:16:00 PM
From: Glen Gordon	Respond to of 165

Didn't get a chance to sell any at $2.00 - had to sell at $2.15!!! It was a tough thing to do, because I really believe that the stock will keep climbing. Sold a little less than a third (30 K shares). I'm gonna buy some vacation property. When Gimbel hits $5, I'll sell another third and that should pay for a building on the property. Gimbel has renewed my confidence in value investing in quality small caps and then waiting (in this case for three years). Another stock in this category is Cell-Loc (CLQ on Alberta). It's made a pretty good move already in less than a year but has plenty of room to move. Regards and Congrats to other longs who have been lurking on this thread since it was the Shooting Star thread.