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Microcap & Penny Stocks : RDOX Battery Technology -- Ignore unavailable to you. Want to Upgrade?

To: Manx who wrote (1870)	9/11/1999 2:15:00 PM
From: Manx	Respond to of 1983

FROM Ragingbull: +++++++++++++++++++++++++++++++++++++++++++++++++++++++++ By: pakrat Reply To: None Saturday, 11 Sep 1999 at 2:06 PM EDT Post # of 1040 Just found this message board! I have been reading your messages yesterday and today. I really wanted to let people know my experience with Redox and any info I had. Quick little background: I purchased 20,000 shares of preferred convertible stock - I thought from the company at the time but turned out to be directly from Szyminski's personal holdings. This was in Oct of 96 for 30 cents per share (the shares were convertible for 5 common for each preferred). I did not receive my shares until June of 97. Which took several phone calls from my Secretary of States office and a call from a lawyer we almost retained. Cliff Douglas (Redox's Treasurer/Secretary or something) screwed me by saying I had to hold the preferred shares for a year before selling, but it turned out that Redox should have converted me then at that time and then the one year holding period would have started. After the year was up I contacted Redox (note - everytime I have called Redox Szyminski has always answered. What kind of multi-million dollar company does not have a receptionist!) and they had hired Robert Overholt. He is the companies lawyer. This was a good sign to me. He was stright forward and told me that I had to convert to common and then hold the shares for a year. I proceeded with the process and am now almost in a position to sell my 100,000 shares of common. My guess to the declining stock price is two things: Preferred shareholders cashing in and the poor reputation Redox has brought on to themselves with bad business and PR decisions. For my most recent info: An engineer I have worked with that also bought some stock got on a plane in Houston and there was Szyminski. They talked about Redox and the plans. Be forewarned, what is to follow is from Szyminski - it smells to high heaven - I know, but it is what he said. Paraphrasing: "Redox has purchased land in the Seattle region for a factory. The money for the factory is still being sought. Because of the possibilities in Malaysia, a second plant is greatly desired there, but it is much more complicated because of the distance, language, governments, etc." My friend also indicated that Szyminski is still working on this full time and has hired several other individuals also. My personal feelings is that Redox is still a 1 in 100 chance of making it as a company. Why do they need money from a bank to build the factories - I thought that that was the point of going public was! And on their quarterly reports, where are they millions raised during the IPO. Last little bit worth repeating is "I need to make a press release soon." I agree, Szyminski should make a press release, but not for the same reasons he thinks he should. Let me know if I can shed any light on this Company. I am just glad I found this Bulletin Board so I can get some other people's perspectives! Good Luck - The Rat (Voluntary Disclosure: Position- Long; ST Rating- Hold; LT Rating- Hold)