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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 (423)	12/2/1997 5:47:00 PM
From: Matt Kaarlela	Respond to of 1112

Here are my ramblings as an investor who decided to wait for increased revenues before he buys this one. Feel free to disagree... I have done some investigating of the nouvinox process including patent searches, talking to engineers, etc and I think nouvinox is in a catch 22 situation. I'll explain: the main use for nouvinox is as low cost replacement to stainless steel. Now why do you use stainless steel? The obvious answer is for corrosion resistance. Now here is the rub. Who wants to gamble on the product being a viable alternative to SS unless it has a proven track record? When the project is as costly as a bridge, oil pipeline, etc, no one wants to take a chance on an unproven product. I don't think stock holders want to wait 10 to 20 years for a proven track record so what do you do? If I were a sales person at Steelax, I would change the direction of the comapny. Why not look for applications that need the greatly added strength provided by a carbon steel/stainless steel blend rather than focusing on the added longevity of the product. Surely there are applications where SS is used that could benefit from the reduced size and/or weight offered by a blend that maintains the strength of carbon steel with the corrosion resistance of SS?

To: Scott Munson who wrote (423)	12/2/1997 7:19:00 PM
From: John Wetterau	Read Replies (1) \| Respond to of 1112

Scott, what are your qualifications for judging Stelax management's professionalism? You sound like another one of those loud mouthed shorts only interested in driving share price down. I hope not. Unless you can match Hardy and Cacace's accomplishments, I hope posters on this thread ignore you. Probably though you will keep blustering, convincing unwary investors to sell. You'll get others to join in negative attack posts. Then you'll start using two or three pseudonyms. I've seen it happen so many times before. Surprised we haven't had to put up with this stuff before. Go ahead, fool me. Tell me you're long and have better qualifications than management. Tell us how to develop a new product and market it. I can't wait. John

To: Scott Munson who wrote (423)	12/3/1997 6:52:00 AM
From: John Wetterau	Read Replies (1) \| Respond to of 1112

Scott, please excuse my previous outburst. I realized this morning that I was really mad at posters on another thread. It is true that Stelax releases very little information. That is frustrating, but I would rather have that than misleading hype. Stelax has been a long term investment from the beginning, in my view. New product, new mill, limited capital... you've got to figure three or four years to get all that rolling (as it were). I think that Harmon Hardy probably has the same attitude--which would explain why he is not worried month to month about shareholders. Not a good stock to trade, that's all there is to it IMO. Anyway, what's wrong with a 70% gain in the last 12 months? Sorry again for shouting. John

To: Scott Munson who wrote (423)	12/3/1997 11:05:00 AM
From: Jim Drewitz	Respond to of 1112

Scott: I know Harmon is very concerned about increasing and improving shareholder value. He knows the perception out there that management is not doing everything possible. He is trying to change that perception...and, of course, as the company grows, he will be adding more depth to management. I will tell you HH is constantly on the go meeting with potential mfg partners, state's DOT's, people in both the investment and banking communities....and of course, he spends a great deal of time at the plant in Wales. Harmon wants badly for this company to succeed. He holds over 4.5 million shares, why wouldn't he want it to succeed? I am sure you are aware the annual shareholders meeting is Dec. 12 10am in Dallas at the Harvey Hotel - 14315 Midway Road. That would be the perfect time to ask these questions. Hope you can attend the shareholders meeting. Jim Drewitz