To: Sid Turtlman who wrote (1841 ) 7/10/1999 8:33:00 AM From: Scoobah Respond to of 2513
Sid, I always believed you would eventually come around on DCHT, however, the evidence isn't on the surface yet to support the kind of buying we need in order to see a fair value, which I believe is $ 50 million, on a market cap basis. The stock I like to compare this to in private conversations is ATMI. When I first became involved with ATMI is was at 4 7/8. They couldn't get any funds from the street, and there were a couple of PHD's or engineers that hocked there houses to support the company. That was in 1994. They are now doing over $ 100 million in revenues, and the stock is at $30 per share. That is precisely what I expect to happen with DCHT, and I have the 5 years required to reach that level. Of course I believe it is going to be less than 5 years, but I can do the 5 if I have to. DISCLAIMER: The opinions expressed in the statement above are opinions and should not be relied upon to make investment advice. The writer has been a consultant in the past and will continue to be involved with DCH until such time as his services are no longer warranted. To date the writer has received 100,000 shares of DCHT and $ 5,000 cash. This should in no way be misconstrued as an ongoing relationship with the company, but recent changes in SEC guideleines dictate that you be made aware of the compensation received, whether it be past, present or expected. That said, I believe personally that there is a tremendous investment opportunity to be had right now in the shares of DCH Technology. Those that can withstand the risk of loss of their entire investment, have IMO, an extremely low risk entry point in to a stock that has the ability to increase 30 fold in the next 5 years. The fuel cell industry is still in it's infancy, and has the potential to exceed the PC industry in it's rate of growth, and far more seasoned analysts than myself have made that statement, alhtough I can't point you to it at this time. I have seen many technology stocks founder until they gain acceptance. See the chart of IREG if you want an example. It is a stock I first became involved with in 1993. the stocvk skyrocketed, and then collapsed to a low of 3 a few months ago, and it is now at $30. It isn't easy making extraordinary money from micro cap stocks; but in my opinion, it is indeed simple.