To: Just My Opinion who wrote (3168 ) 12/10/1997 12:32:00 AM From: YOYO Read Replies (2) | Respond to of 11708
Keeping with the theme of things...this message arrived to me from thread folower who needs to become a member. ( pleez, think of joining, my typing is slower than....) This is the only post I will do for you. Here goes from mystery writer. " I am a shareholder and am interested in the best interest of the string and the company. I therefore, will respond to some of the concerns posted in hopes that I may add some worth while information for all to consider. About me: I am a management consultant and have somne experience with investing. I offer the following by way of opinion only and not as advise. I caution all of you to do your own research and analysis. 1. Re: CO &G. When the original oil company opened and the oil field now of interest to this company, gas was not a valuable commodity, but rather a nuisance to oil recovery. gas, in deed, is a valuable commodity now, with greater and greater demands upon supplies, with price increases and projected shortage. Pickins is experienced and would not be interested in the joint venture unless convinced the investment was sound, considering his reward and consideration for the lease is in stock in CSMA. 2. Re: Enviro-Tech. Waste disposal of the kind under consideration is of major concern to our environment. If approval is granted for the Class V well, and it surely will be, profits will result. This well will provide CSMA with considerable expertise for disposal ssystem in the CO&G property, as well. I cannot be sure whether the statement that the existing well is now pumping salt water, is intended to mean that salt water being pumped as an aid to extracting oil, or is intended to mean that most oil has been extracted and the well is now pumping out the salt water that was injected as part of the oil recovery efforts. Since, only small quantities of oil are being extracted, I suspect the latter is menat and therfore the empty oil cavities are now available for receipt of Class V waste. I personally view CO&G and Enviro-Tech as major assets. 3. Re: ERHC Recent announcements of huge oil finds in the tract just recently sold to them by CSMA probably indicates a mistake by CSMA management. In either event we will benefit from stock evaluations as a result of the trade agreement. We are not given sufficient information to determine the benefit of the bargain of that exchange, though we can surmise the profit to be sizable, even if not continuing. 4. Re: Ad Hatter: A nice little profit is projected from this enterprise. While profits may not actually be huge in dollar amount, and even though the present product may actually be fadish in nature, management is aggressive and I personally feel we can anticipate either further product and marketing development in the early future, or sale of the asset. We know from experience with this management, that they are willing to sell assets they deem not contributory to the bottom line profits, or which may themselves be turned into profits by exchanging for stock in other companies.(witness ERHC) 5. Re: LPS.ltd. This is an opening into finacial markets, one of the most profitable sectors in todays economy. Recent developments would appear to open the door into that market without too much risk to CSAM. Could very well be a major asset to CSMA. 6. Re: The return of the stock by one of the management team, could be viewed as an act of kindness or may be the result of unraveling a possible conflict of interest situation. We do not have enough information to understand the full import of the return. However, I tend to vote with the integrety of the management and consider this as further evidence of dedication to increasing the asset value of CSMA and increase in stockholder equity. 7. Re: Franco and some other posters. I feel confident they have taken their profits and moved on, perhaps to another string, perhaps to another handle. I seem to recall that Franco refused to state the number of shares owned, simply stating that shorty might be aided if shorty knew. Of course, there is nothing wrong with day trading. CSMA offered plenty of profit opportunity as it moved up and down several times. 8. Re: All in all CSMA appears to be positioned for profit growth with a diversity of potemtial growth assets, a dedicated aggressive management and a NASDAC listing goal. A good company can be made of this kind of stuff. I would caution management, however, not to let rapid growth and multilateral investment statagy out grow skills and abilities." WHEW YOYO