To: Thor Carlsen who wrote (770 ) 3/21/2000 8:00:00 AM From: Richard Mazzarella Read Replies (1) | Respond to
Thor, <<making checks!>> Be careful with your interpretation of what I said. Two refiners paid USPS for metals that was a demonstration of their process. They need to find funding so they can ramp up to full production. What is neat though is that they appear to have "found" the right place in the onion layers. I believe they also have different (and maybe a more conventional and easier) ore than Global. I had a hard time believing things that Global told us, their PRs were contrived, also their record of statements then failure to follow through. What's very interesting here is that market doesn't have any idea where USPS is in the recovery process. Talk about low key! I asked Scott why the company didn't put out Business Wire press releases. He told me that he would rather use the ~$1200 for moving forward, the stock would eventually follow. I told him that?s nice, but the company also needs to advertise itself and its activities. That's when he told me that the company sends out updates to shareholders. Of course, we don't have anyone posting to SI that ever received any, even though we have been shareholders. The other point I made to him was that simply sending updates to current shareholders, doesn't tell new potential shareholders about the company activity. Its new shareholders that buy, current stock holders usually have their position. There is a chicken and egg issue here. Low share price limits any company's ability to raise funding at minimal dilution. Increased shareholder interest (buying) brings additional investment interest. Scott said he has a few things going in that area. He also inferred other activities, but he couldn?t elaborate (insider information). I currently have a very good feeling about USPS.
