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To: YOYO who wrote (401)	11/30/1997 4:53:00 PM
From: Chas	Read Replies (4) \| Respond to of 2512

Cabec - where now? Picking up on the accumulated wisdom sent here by our posters, we seem to have come to the make or break point for the company. Believe there will be a shareholder annual soon, and there is even talk of a serious <?> research report out. Over the last year we have had some optimistic statements from the company , and now is the time for substantiation of the company's outlook. A clear summary of the company's proposed structure from the board would not be a bad start. What are we, a holding company, with Curton playing value booster of the firm's elements? Are we an oil company? Are we going to take plastic pallets by storm? Since this is a wet Sunday, forgive this use of your pixels for the following ruminations: Fleur David: Small, but potentially sweet. There was talk about a workover and increased production. We have oil pro's in charge of this one, we are told. Production means earnings, and for Cabec earnings mean credibility. So where and when are they? You, yes you, in charge, I'm asking you, not Jeff van P. Wyoming Pipe & Tool: Earning money already we are told. How much? Is there going to be a second shift? Can we increase orders? You, yes you, in charge, I'm asking you, not Jeff van P. Cooper Manufacturing: Believe we have potentially great news here, and it is not easy to take a disfunctional firm out of bankruptcy. We were told, in precis, that <we can take over a company valued at $40m at the top of the market for a mere $2m or so> . Well, <we> turns out not to be <we> shareholders but <we> investor group, with CBNR holding a piece. Was this good for <we> shareholders? I guess it could be, if the plan is to keep the elements of Cooper in the family. Not so, if the idea is to hive off the best parts of Cooper, including the manufacturing and lucrative Soviet distributorship into the investors pocket. What price will <we> sharewholders have to pay to get those assets back one day? PPP, Inc: Wow, talk about a wild card. Any talk here of our shares being undilutable? Company implies they have made adequate disclosure of what this deal means to us, but I don't think so. It could be great, it could be a hand-job. Michael is a good guy, one feels, but hey, this is business, and <we> shareholders want to hear the beef, not the jerky. Financials & AGM: C'mon, Cabec: get your act together. If you don't think you owe it to us, read your own web-site. Little bit on the hype side, don't you think? Knock, knock .. here comes Cabec. Well, knock, knock, here comes your day. We're waiting, we're excited ... and we're not stupid. PS. Jeff van P is OK. But he is not the one who owes it to us to make money on our investment. I'm talking to you, yes you, in charge. Less of the chit-chat, more of the Chairman, how about it? ...

To: YOYO who wrote (401)	11/30/1997 8:24:00 PM
From: Dave Shares	Respond to of 2512

YOYO, I've been away, just got back. I spoke to him on Weds. at noon EST, he said that he wanted to speak with you, since he was aware you had posted about not being able to get in touch with him. Chas, your post was very good. They are all good questions. I still think the royalties for Cooper may be a good deal for us. PPP is the real wild card, I agree. As stated before, I'm holding at this point to get the PPP shares. It is my understanding that everything being done results in no dilution. Best wishes, David