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Microcap & Penny Stocks : STAX -----> Stelax Industries - A real gem. -- Ignore unavailable to you. Want to Upgrade?

To: Scott Munson who wrote (419)	12/2/1997 12:50:00 PM
From: Jim Drewitz	Read Replies (1) \| Respond to of 1112

Scott: It sounds like you have become tired with stock....and all of us can appreciate your frustration. I will pass your concerns and comments on to Harmon Hardy when I speak with him next. Also, don't forget the Annual Shareholders meeting is Dec. 12 10:00 am at the Harvey Hotel in Dallas. That obviously, is an opportunity to discuss your concerns in person. Regards, Jim Drewitz

To: Scott Munson who wrote (419)	12/2/1997 1:12:00 PM
From: tom jones	Respond to of 1112

Scott and all: This is a shoestring operation. There is only one officer and this may account for the lack of interest for stockholders but this should not be an excuse. I wonder if they have any sales people. Revenues did increase a lot last quarter and I would expect cash flow. This should help in obtaining capital. The mill in Wales is working two shifts and a second mill is being put in operation right next to it. Stealax has a contract to make delivery of nouvinox to Asa Alloys this month and in the future. Would like to hear from the company if they are doing this on time and news about the second mill. If Stealax can't get going with these prospects I will dump the stock in a year too. Do they spell steel s-t-e-a-l in Wales or is the company trying to tell us something? Tom