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Microcap & Penny Stocks : MEGALITH CP (MEGH) -- Ignore unavailable to you. Want to Upgrade?

To: rgerson who wrote (1)	6/17/1997 6:02:00 PM
From: Mike Taylor	Respond to of 430

IMHO, BE CAREFUL WITH THIS ONE. Megalith acquired ESCO and Dalcom elevators and has problems paying their current suppliers. I have visited other modern elevator companies in the Far East, most of their modern plants' assembly lines are fully automated. Megalith is operating at a disadvantage. They can't compete with the Hitachi, Mitsubishi, etc. Megalith would need substantial capital to modernize their plants and equipments. They are currently trying to raise the capital thru stock. IMHO, the reasons for the new series of optimistic press releases. Their recent earnings filed with the SEC is not impressive. Megalith may find a niche in the hydraulic elevators with the made in the U.S.A. label at a low price, but they need to pay their suppliers to gain crediability in the U.S. Also, doing business with China is tricky. I hope they collect on their products so they can honor their debts with their suppliers. Good luck, Mike

To: rgerson who wrote (1)	4/26/1998 1:20:00 PM
From: Dave Sullivan	Read Replies (1) \| Respond to of 430

The us dosen't care that much about speed either, cost is most important. I live in michigan and there are more hydro's installed than any other type of elevator. I have been working in the elevator business for 25 years and have installed and maintained many hydraulic elevators. I read somewhere that megh purchased esco? Esco was very popular for years. Does anyone have a address telephone number etc. for megh? I would suspect that the Esco franchise would be worth quite a bit. I was suprised to see this stock price so low. Look at Dover Elevator which make a hydro elevator, I know dover is involved in other things but there stock price has just been going up and up as with all the elevator companys, there is a building boom going on which is good for the elevator industry. Dave