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Gold/Mining/Energy : Altair Nanotechnologies -- Ignore unavailable to you. Want to Upgrade?

To: jas singh MD who wrote (201)	2/11/1998 5:35:00 PM
From: Rajiv	Read Replies (2) \| Respond to of 603

Jas, Some points for you to think about. Altair has had the technology for the CJ for 3+ years (the technology acquired for around 2% of the present ALTIF's market cap, I might add). ALTIF had delivered at Series 12 CJ to DuPont more than a year back. The fact that DuPont has not followed it up with orders might indicate that it has not found it commercially viable. It now wants to check out the Series 30 version to see if it is more useful. The existence of the technology for 4+ years combined with relatively low expenditures on research leads me to believe that this technology is not all that wonderful. The TN titanium deposits have not been found to be financially viable to exploit by others. ALTIF's CJ is the key here. If DuPont has not found it interesting enough, will it turn the TN deposits into a "gold" mine? If the CJ is not commercially viable to use, the value of the TN property is zilch. I have some questions for you. How much money do you think ALTIF will earn/lose in 1999? Do you know how a convertible offering works? Do you know what sort of companies resort to these type of deals (surely they could borrow the money if they are really being bought out at $50 as one of the "analysts" has predicted). Did you realize a convertible offering combined with insider (including the CEO) sales + rise in short interest can indicate only one direction in the short term. Regards Rajiv