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Gold/Mining/Energy : Unitec Int. Controls Inc. -- Ignore unavailable to you. Want to Upgrade?

To: dale w ruckle who wrote (123)	1/27/1998 2:22:00 PM
From: csm	Respond to of 856

Dale, My "for what it's worth" comment just referred to my own comments, since I have no experience running a company. However, I think you should read John's response. There is a size of order that the company can handle comfortably at this stage. As the company grows it will be able to handle bigger orders. IMO it would be suicide to bid on some big contracts only to find that you can't deliver. Since I'm pouring hard earned money into the company (like everyone else here), I for one am not interested in seeing it drop the ball when it comes to meeting customers' expectations (and deadlines). How do you figure a $30M dollar order should have been doable when the company did well under $10M last year? To balance this a bit, I too am concerned about dilution and private placements at what appear to be very attractive conditions. But the company needs to raise funds to be able to deliver on large contracts, like you (and I) would like to see them filling in the not too distant future. Perhaps you can suggest a better way to raise cash? Stuart.