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Technology Stocks : Solucorp Industries (SLUP - OTCBB) -- Ignore unavailable to you. Want to Upgrade?

To: aauhaa who wrote (2990)	11/6/1999 2:21:00 PM
From: hawkeye	Respond to of 3679

I am delighted to have a participant on SI that is so knowledgeable.

To: aauhaa who wrote (2990)	11/6/1999 3:25:00 PM
From: aauhaa	Read Replies (4) \| Respond to of 3679

Its the weekend, and a good time to reflect on the value of Solucorp and the bizarre happenings of the last 19 months. The MBS technology is unique, patented and in successful commercial use by major steel companies, The Doe Run in line system (now running three years with a contract extension), the Boston Artery Project, etc., etc, all immobilizing heavy metals. I have been told there are 40,000 brownfield sites in the U.S. A brownfield site is one that is contaminated by hazardous compounds, both organic (benzene, TCE, PCE etc and inorganic (heavy metals). Of these, some 40% have heavy metal contamination. No developer wants to spend the money to decontaminate a site as the liability stays with the site forever. Along comes Kemper Insurance and assumes all heavy metal liability of a site treated with MBS technology. Some sites become enormously valuable. The only other technology available is treatment with portland cement with no guarantees. The portland cement treatment is supposed to last 200 years. At a public hearing regarding the Midvale, Utah site, 500 acres astride I 15, a former lead smelter, the MBS technology was introduced to compete with portland cement. No contracts have yet been awarded, but portland cement found they had a competitor. I have been trying to find (somebody help me) the article which appeared in the last year or so in Science or some like magazine (maybe Smithsonian) in which the Hanford Works used the portland cement treatment starting 10 years ago to prevent radioactive leaching into the Columbia river, and radioactivity leaching is now occurring. 10 years??? MBS has been tested at Brookhaven Labs and Solucorp did announce successful results. While MBS will not do anything to radioactivity, it will immobilize the radioactive heavy metals and prevent them from going anywhere. So we come to Smart International and the SEC. If you read the Solucorp 10Ks, the story is all there. Smart can produce Calcium Sulfide (CaS) at a competitive price. Smart loves the MBS technology and enters into a contract to have have exclusive rights in China in return for minimum $2,000,000 annual royalty in cash or kind. Solucorp takes some in cash, some in kind. Ships containers to Canada and U.S for use in projects. Now has 7,000 tons of CaS in storage in China with another 7,000 tons for the asking. Initial chromium mountain project in Tianjin on which tests were run, delayed. SEC (Nina Finston, Senior Counsel in Charge) investigates. I know she senior counsel in charge because she answered my original inquiry. Sends own special auditor to China. Auditor comes back and must have said deal is Kosher. Otherwise action for fraud would have already taken place. Is SEC now in a position to dictate what is or is not a valid contract with a Chinese company? Have they taken over the prerogatives of the Commerce and State Department? Meanwhile, Solucorp announce Tianjin chromium mountain deal closed with BOHAI Chemical (major china force) now in act as exclusive MBS promoter in China. All 7,000 tons committed plus the additional 7,000 tons plus all that may be needed for the projects now being developed. Makes, in my mind, SEC position untenable. How long, oh Lord, How long?? Justice!!!

To: aauhaa who wrote (2990)	11/6/1999 8:51:00 PM
From: hawkeye	Read Replies (2) \| Respond to of 3679

Here is just one small company that reports $50 mil./yr in revenues from the solidification process. Naaahh. Cement people would have nothing to lose to MBS. "As Technical Director of QUALTECH, Inc., he directed over 300 treatability studies in their Oak Ridge and Knoxville laboratories. Dole played a key role in the business development and marketing of this company. After joining the organization in 1988, its revenues rose from $8M to over $50M per year within the following three years. QUALTEC became EPA contractor of the year in 1990, and its technology was prequalified for all CERCLA sites by the EPA in 1991." "His consulting has resulted in the successful disposal of over 20,000,000 curies of radioactive wastes by the Department of Energy and the closure of three Superfund sites for the U.S. EPA and for private clients, resulted in the Solidification/stabilization of over 500,000 tons of hazardous wastes." public.usit.net