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To: strtrset who wrote (3113)	11/14/1997 1:26:00 PM
From: J. Davies	Respond to of 3977

Doug you said >>cash by normal channels....... will have a more positive effect......short of large contract.<< With your high level sources - are you preparing us for no large contract with TM? Deja Vu:- Q3 1996 >>Commenting on the results, Jim Palermo, Chairman and Chief Executive of Quadrax, said, While I'm dissatisfied with our third quarter results, I remain upbeat about the prospects for our Company. Our primary focus remains the Company's thermoplastic golf shaft, with which we've made substantial progress during the past quarter. .................. We continue to hold discussions with major golf manufacturers regarding our golf shaft, and are optimistic about the outcome."<< JD

To: strtrset who wrote (3113)	11/17/1997 8:39:00 PM
From: J. Davies	Read Replies (1) \| Respond to of 3977

Doug - Qdrx was to have a settlement conference with PowerStick in front of the judge today - your friends and close relatives know what happened? U.S. District Court District of Rhode Island (Providence) CIVIL DOCKET FOR CASE #: 97-CV-20 Power Stick, et al v. Quadrax Filed: 01/16/97 Assigned to: Judge Ernest C. Torres Jury demand: Plaintiff Demand: $0,000 Nature of Suit: 830 Lead Docket: None Jurisdiction: Federal Question Cause: 28:1338 Patent Infringement 11/10/97 -- Settlement conference held before U.S. Magistrate Judge Hagopian. Parties shall reconvence on 11/17/97 at 10:45. (ddu) 11/10/97 -- Settlement conference set on 10:45 11/17/97 Before Magistrate Judge Jacob Hagopian (ddu)