To: Jim Berg who wrote (1850 ) 12/25/1997 1:25:00 AM From: Jim Berg Read Replies (3) | Respond to of 3369
Harold,Tim,George, Sorry I took so long with an adaquate reply but presents to wrap, I build houses for a living sometime a real battle and the trip to SALV took longer than expected but had a great time. Really, I had a great time. Please note : I was not looking for hard numbers but I was looking into The items below. Sales," Brisk and growing " Debt ," 6% " The Bio-Chem partnership ," I elaborate below please read." The recent ask for more public investment. "To meet growing volume" I wanted to see a factory and offices " New and efficent and busy " Managment attitude " impressive and friendly " I wanted to see employee's and note attitude " Cheerfull and busy " I wanted to see a working shipping dock " They were packing air freight containers for transport." Asian destination. These are questions I aswered by email today I'll post them here. 1. Was the company concerned at all with the stock price " NO " Ans. I didn't ask, the current price has nothing to do with the future of the company. 2. Did they give you any projections? Yes, They are filling current established orders from Vancouver WA. At a profit and expanding sales into new markets on a daily basis. The new deal with Bio-Chem will give them immediate access to new customers. As well as a tight distribution network. 3. Did you talk to anyone there (IR or Pres of Company) Ans. IR. 4. Your general feelings on the company." I bought 5000 more shares this morning 12/24 And will buy more." 5. Are they planning on staying in business. Is their a potential bankruptcy filing. Ans. Thats rediculous they only have 6% debt !!!and do not plan to borrow Please read below They have a factory running at full capacity at this time The Singapore plant is owned by an Asian Bio-tech company, That was under subcontract to SALV and in no part owned by SALV. It was costing them their profits,,, BUT. The subcontract made it possible for SALV to develop established customers during the period of time it took for their plant to be designed built and approved " All of which has been done." I wrote about this subject in a recent post to SI My visit has convinced me that my investment there is a safe and wise move, And will be putting more of my money in as time rolls along. I think it worth mentioning this company has almost no debt 6% of current capitalization, for a start-up company this is unusual, The recent ask for more public money is for expansion and will avoid the pitfalls of borrowed money and its cost. This company is building for the future, My gut impression Jim