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To: Patrick Slevin who wrote (10138)	12/5/1997 9:48:00 AM
From: Andrew Vance	Respond to of 17305

AV--Good Morning to you also. BTW, I sent an email to you just a moment ago. It is interesting that these tidbits I get are very untimely since the info just arrived. I was up until 2:30 AM and none of this was in my mailbox. Now, this morning's edition of a "respectable" online tabloid had the following story: +++++++++++ Semicon Tools Inc (SETO) 0.28 bid, 0.32 ask, traded onthe NASDAQ Bulletin Board. SETO was first introduced on orabout 7/9, at $0.07 per share. At that time, SETO's businesses consisted of selling small precision disposable diamond tools used to manufacture electronic components and devices, which it either manufactures or purchases fromcertain suppliers. SETO also serves as a distributor and fabricator ofindustrial ceramic products and a distributor of "cleanroom" materials and supplies primarily used by the electronics and defense industries. When we featured SETO, revenues were around $2M and earnings were around $0.025per share. This all changed on 12/1: A major acquisition wascompleted which increases SETO by 10 times. SETO announcedon 12/1 that it had completed the acquisition of Teik TattHoldings Co (TTH), a privately held Malaysian company with locations in Penang and Kehad, Malaysia and Vietnam. TTH is one of the leading Malaysian manufacturers ofplastic products such as rope, yarn, twine, high qualityrubber bands and, since 96, it has recycled plastics andnonferrous metals from cable and precious metals from electronics components and circuit boards obtained fromobsolete computers. TTH had consolidated revenues of $14M for the yearended Dec 96 with net income of $1.8M audited (US Dollarsand after taxes). For the 9 months ending Sep 30, it hadrevenues of $14.7 and net income on $1.5M (unaudited). SETO purchased all of the issued and outstandingcapital stock of TTH for an aggregate of 10M shares of itscommon stock constituting approximately 50% of the companyafter the acquisition. This is what we really have: There is 20M sharesoutstanding with only 6M free-trading. For the year endingDec 31, combined revenues will be at least $20M (US dollars) and net income after taxes will be $2.2M (USdollars). This equals $0.11 per share in earnings. (Note:These values come from management directly and can also be seen in partial from news release dated: 12/1.) The shareholders equity as of Sept 30, for the combinedcompanies, equals $8.3M (US dollars) or $0.41 - that is thestated book value is $0.41. According to management, 98 revenues will reach inexcess of $40M and net income will equal $3.8M after taxes(the Malaysian sub has tax credits from government and SETOhas $1M in NOL). The income/share equals $0.19. Does all this sound like pie-in-the-sky? Call SETO and ask for Mr Pian, (914) 273-1400. He will tell you the samething. SETO is also fully reporting (10Q and 10K filingsare current). First realize that the melt-down in Malaysia actuallybenefits SETO since their products are exported out of the country for US dollars. The currency devaluation in local terms actually reduces costs for this contract manufacturer. The fundamentals are eye-popping: At present, SETO is currently trading at $0.22 per share based upon the numbers we have at our disposal, that is revenues, earnings and book value we can assume certain valuations. For the year ending Dec 97, according to management,SETO will earn $0.11 per share based upon a share price of$0.22. We formulate a PE estimate of 2 times. If weassigned a conservative PE valuation of only 10, then our share price would be $1.10, a mind-blowing 400%appreciation from current levels. This is a conservative PE value - please keep this in mind. This stock could easily trade at 3 times stated book. The stated book value as of Sept 30, was $0.41. This wouldgive us a value of $1.23. This would be 449% above it's current share price. If we look at PSR (price to sales ratio), the current market-cap for the combined corp is only $4.4M, while the total estimated sales for 97 is $20M. This gives us a PSR of only $0.22. If SETO were to trade at a conservative value of 1 times sales, then our share price would be $1.00- or a 354% above current levels. All the above does not even take in account estimates for 98. The numbers for 98 are even more enticing. Anyway you look at this situation, SETO is super-cheap.The overall upside potential is huge. The downside is extremely limited, if at all. This is our stock-pick for98! We feel that this opportunity has dollar written all over it. +++++++++++++++ I'll wager that, when I have time today and go back to yesterday's posts, I will find this identical story almost word for word posted by myself. If so, I just figured a few things out. Very untimely regurgitation of very untimely disseminated information. In other words, the same info is being gleaned by every Tom, Dick and Harry who are placing it in their "timely" newsletters which never arrive in a timely fashion. The same story on SETO has made the round for me over the past 3 days I believe. When this proves to be true, then I just savewd myself hours worth of wading through certain types of useless advisories and created more time to do real information gleaning. I might have found a new career. Send me $75/mo. and I will put you on a mailing list that sends you USEFUL information within 15 minutes of it being originally disseminated. This is a big plus since you can be assured it is not a re-hash of old news and information. Any takers???<GGG> Andrew

To: Patrick Slevin who wrote (10138)	12/5/1997 10:11:00 AM
From: Robert F. Newton	Read Replies (2) \| Respond to of 17305

I guess we can't blame Asia this time North/Latin America Value Net Chg Pct Chg Date INDU DOW JONES INDUS. AVG 8089.45 +39.29 +.49 10:07 SPX S&P 500 INDEX 977.49 +4.39 +.45 10:07 CCMP NASDAQ COMB COMPOSITE IX 1621.49 +8.07 +.50 10:06 TS300 TSE 300 Index 6636.90 -25.41 -.38 9:46 MEXBOL MEXICO BOLSA INDEX 5116.48 -14.66 -.29 9:45 Europe/Africa Value Net Chg Pct Chg Date UKX FT-SE 100 Index 5086.90 +4.60 +.09 9:47 CAC CAC 40 INDEX 2924.71 +10.26 +.35 10:07 DAX DAX INDEX 4170.08 +30.28 +.73 8:00 IBEX IBEX 35 INDEX 7124.67 -63.35 -.88 9:47 MIB30 MILAN MIB30 INDEX 23467.00 +247.00 +1.06 12/4 BEL20 BEL20 INDEX 2488.31 +4.09 +.17 9:47 AEX AMSTERDAM EXCHANGES INDX 915.70 -3.03 -.33 10:07 SMI SWISS MARKET INDEX 6014.90 +45.40 +.76 10:07 Asia/Pacific Value Net Chg Pct Chg Date NKY NIKKEI 225 INDEX 16424.48 +117.69 +.72 1:03 HSI HANG SENG STOCK INDEX 11527.60 +52.66 +.46 3:02 AS30 ASX ALL ORDINARIES INDX 2557.20 +4.70 +.18 0:05 STI SING: STRAITS TIMES INDU 1713.77 +13.54 +.80 4:00

To: Patrick Slevin who wrote (10138)	12/5/1997 10:54:00 AM
From: Trader X	Respond to of 17305

My own Million $ fund. I am going to match Andrew with my own virtual million dollar portfolio. Difference is, I will place 50% in 6 month treasury notes priced: 182-DAY 5.195 % 5.408 (yield) 97.374 (price per $100) The other 50% in the Investco Strategic Gold Fund, which closed yesterday at $2.18/share NAV. NOTE: this is not what I'm doing with my real portfolio, I just have a hunch that this is what I SHOULD be doing. I'll update the value of this in 3 months and re-evaluate. -Kevin