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To: phoenix who wrote (3240)	12/10/1997 3:56:00 PM
From: Brent	Respond to of 3977

Roger, Victor is worth $.25 right now, but Palermo hasn't had a chance to work his 'magic' on it. Give him a year or two and he'll have it destroyed too. Palermo will never see any more of my money. I wonder how secure those reg S investors feel about Palermo's 'promise' of $2.00 a share. I can't believe what an idiot I am. Brent

To: phoenix who wrote (3240)	12/10/1997 4:29:00 PM
From: Jim Mills	Read Replies (2) \| Respond to of 3977

Yes Roger, I am nut's. Just picked up another 10,000 shares at $.1875 If this company is going down..... I'm going with it. If it's going to fly.... I'm flying with it!!!! bw, Jim M.

To: phoenix who wrote (3240)	12/16/1997 5:51:00 PM
From: phoenix	Respond to of 3977

To all: I know where Doug is!! Have you seen the Federal Express commercial? Doug is locked in the closet. They won't let him out. On another note, isn't Palermo a financial guy? Wasn't his background in investment banking? If so, seems like he would really be the one who knows the direction Argus will be going. We here on SI can bounce around ideas, but it would sure be nice if JP would share his thoughts with us shareholders. Congress Financial wants to protect their interest in Victor, so they arrange to have Argus manage the financial operation at Quadrax. I assume that Argus would also set the wheels in motion for a filing under Chapter 11. Question is, is it in Congress' best interest to shut down Advanced Materials? They need to stop the bloodletting, but will a shutdown of Advanced Materials mitigate or aggrevate the problem? In answering my own question, it seems more probable to me that Congress would rather see a reorganization under Chapter 11 than an out and out failure of a Chapter 7 filing. I also think that it is also more probable that Congress would want to see Advanced Materials exist at least until mid 1998, even if staff were reduced to a skeleton crew. Other ideas? Roger