To: jas singh MD who wrote (235 ) 2/14/1998 12:13:00 AM From: Michail Itkis Respond to of 603
Personally I think Rajiv is being kind. Jas you are the one that is yelling and making personal accusations. Let me try to clarify the following point: 1. The scientific or technical achievement is not the sole basis of evaluating a technology product. As an investor the commercial viability is the most important factor. I.e. can the device provide improved profitability, is it cost effective, reliable? can it be actually produced? Well to answer some questions here are a couple of quotes: A. "There can be no assurance that the CJ, the Tennessee Property, or any other project being undertaken or proposed by the Company will enable the Company to generate revenues or that the Company will ever realize a profit from operations." B. "There is no assurance that the CJ testing program will be successful for any or all applications for which the CJ has been designed. Even if a current or future version of the CJ is capable of performing the functions for which it is designed, there can be no assurance that the CJ will be able to recover minerals In a cost-effective manner or otherwise prove attractive to end-users. In addition, the introduction of new technologies by competitors could render the CJ obsolete or unmarketable or require costly alterations to make it marketable." C. "There is no assurance that the Tennessee Property will prove amenable to large-scale, low-cost mining, as proposed by the Company, or that the Company will be able to obtain the capital and other resources necessary to mine the Tennessee Property." D. "If the Company completes testing and develops a final production model of the CJ, of which there can be no assurance, the Company does not currently have the know-how or resources to establish its own manufacturing facility. There can be no assurance that the Company will obtain suitable manufacturing capacity or that such manufacturing capacity, if found, will produce affordable, high-quality units capable of sustaining high reliability and low maintenance costs in a production environment" I know that you think the above are all more vicious lies ... but OOPS these are statements made by your beloved Dr. Long et all in their most recent filing with the SEC. And just in case you think your equity position in the company is safe here is one more beauty from the same source: "The Company's Articles of Incorporation authorize the issuance of an unlimited number of shares of Common Stock. All such shares may be issued without any action or approval by the Company's stockholders." That means each time the good Dr. needs some walking around money he will turn on the printing press and make newly minted shares. Look, you may think that the goal of the shorts is to manipulate, but fundamentally the company destiny is set by it's products and management. So I stick by my strong belief that the only thing that the CJ will really separate well is the longs and they're hard earned money. Michail