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Microcap & Penny Stocks : QDRX -- Ignore unavailable to you. Want to Upgrade?

To: Larry Michaels who wrote (3155)	11/27/1997 12:29:00 PM
From: strtrset	Read Replies (2) \| Respond to of 3977

Once again you appear and like you say-you must be in a state of bliss. In response to your second question-you have all these factual answers-let's hear your version. I hope you unload at 90 cents but I'll wait till the $4 range since I paid for my shares from earned income. The people at Victor,Vista and Quadrax plant in RI thank Jim for his courage and forsight by getting rid of these past emplyees. I'm eating prime rib-didn't know it had a wish bone. To Ginger and Jim French-the staff at Quadrax sends you their best wishes. To Jim,Alon,Mike and the rest of the hard working crew at Quadrax-Happy Thanksgiving. See you all in four months.

To: Larry Michaels who wrote (3155)	11/27/1997 9:20:00 PM
From: Cavewoman	Respond to of 3977

Larry, I was introduced to QDRX from an article in the Providence Sunday Journal a couple of years ago. It went into great detail about the shady character of the prior management. Not much could be done about them and the article went on to say that this company could fold soon but was having new life breathed into it by Palermo. It was front page and a couple inside. It talked about the death of the defense industry in our area and how it could kill a small company like QDRX but this company looked like it was trying to hang on and change directions. The insertion of Palermo as CEO was one of those changes. Yes, it has taken some time and yes it has taken some share dilution but I have seen the products. When the article was printed there were no products except the tape stuff that was being used on Subs and Airplanes for the defense industry. This small area of the country has been hurt badly by the cut backs in the defense industry. Electric Boat is a huge company but is now just struggling. The Quincy shapyard shut down. An air base on the Cape was shut down. Now taken over lightly by the National Guard. Coast Guard Bases closed. The biggest hospital in the area shut down Chelsea Naval Hospital. Newport Navy Base is at half strength. The suppliers to this industry have been hurt real bad. I feel encouraged that QDRX has tried to go into a new direction and keep afloat. I'm willing to give them more time. You may not be willing to give them the time needed, that's your decision to make. I have seen progress in this little company in the past couple of years. Nothing huge but progress. Ginger/Block Island's Cavewoman

To: Larry Michaels who wrote (3155)	12/6/1997 8:52:00 AM
From: David A. Evans	Respond to of 3977

My one-time sale!! After the Super Show in March I received a call from my contact at Franklin Sports to come see him. Franklin had lost their supplier for street hockey sticks and asked if we could make them at Quadrax. They needed a complete stick ready to go onto WalMart and K-Mart shelves. The order was huge so, before committing completely, I brought it up at a management meeting that day to make sure everyone understood what was needed at Quadrax. After the meeting Mike Dorf came to tell me that Jim Palermo had ordered him to fire me. The overt reason that Palermo gave will be the subject of a discrimination/wrongful dismissal suit so I will not comment on it. Mike Dorf refused to fire me. This was not an isolated incident. Palermo would often see a particular manager as a problem and want to fire him. Mike Dorf would then have to put his job on the line to keep his team together! To keep the peace and at Mike's request, I stepped away completely from selling hockey sticks. Getting the Q factory up to speed for the Franklin order was more than a full time job anyway. We had to run the pultruder and screenprint 24 hours a day to keep up with Franklin's needs. Many days I would leave Quadrax at midnight and be back at 7am the next day. Far from 'taking naps on company time' I was working harder than ever! Steve St. Louis did a great job of organizing the shop while I dealt with the technology & customer problems. At this time Palermo was sulking and refused to talk me directly but I was pushing him, through Mike Dorf and in interoffice memos, to purchase another machine. The Power Stick machine was cranky, we didn't have any more capacity for new orders, and Palermo had failed to get an agreement with Power Stick. We desparately needed another machine. The machine I specified in March had an 8-week delivery time and needed a $65,000 deposit before the machine-builder would start. All available cash at that time was earmarked for the Victor purchase. A purchase order was placed with a $5,000 deposit in April. The complete deposit was finally made in July. My 'one-time sale' was because 1) I was prevented from any more selling and 2) Quadrax did not have the capacity to make any more sticks. Douglas B Meyers and his 'Deep Throat' at the Q know only too well that I could have sold a lot more hockey sticks! David