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Microcap & Penny Stocks : IECS- NASDAQ $0.50 stock won prestigious OIL and Gas... -- Ignore unavailable to you. Want to Upgrade?

To: Bugsy who wrote (188)	2/18/1998 7:49:00 PM
From: JOHN SAMSEL	Respond to of 747

Bugsy, I am not even sure what the end product looks like. If they are drying the end product they can sell it for $140 - 200 per ton according to what some similar type companies have mentioned. If the end product is wet then it will get less per ton but there will be more of it. Hogs like slop. Horses, cattle, etc have a preference for grasses, grains and vegetables like beet tops, etc. IECS may have to dry the product for ease of transport or to accommodate the needs of different livestock. Any agri-biz viewers with an educated opinion on livestock feed? Will cattle eat a wet food supplement? You pose a lot of valid questions about the process and the business. I will make note of them a give Jeff a call. Hope I can reach him. Has anyone seen the SEC filing of IECS? that might give some more info. Regards John

To: Bugsy who wrote (188)	2/18/1998 8:16:00 PM
From: Kevin Grinstead	Respond to of 747

Bugsy: I've owned this stock since mid-January and I am very optimistic about its future. I'm glad I've finally found a message board that has some information about IECS. To answer one of your questions, COO Gerard Amlin stated in a December 16 press release that the Amherstburg (ROP) plant should produce in excess of $6 million in revenue. This will equate to approximately $.10-.12 per share pre tax earnings on the Amherstburg plant alone. With plans to build over 15 plants by the year 2000. I look foreward to reading the excellent posts on this boards. Regards, Kevin

To: Bugsy who wrote (188)	2/19/1998 1:22:00 AM
From: Lawrence Burg	Read Replies (1) \| Respond to of 747

I just found my file. It's sparse, but I really didn't put much time into it back in April '97. What I do see is a number of similar releases since mid-'96 for similar projects; Nuevo Energy, AC Environmental @ San Francisco Airport, etc. So, this is really no big deal, just a larger contract within their ongoing CRR ops; i.e., not glamorous historically. Ho hum market reaction to hyped anticipation. As far as saying uncertainty on JV financing is a downside, I'd go a little further. Pardon, but TTRIF is an excellent example. TTRIF certainly has a more refined technology and the funding ball still hasn't ejected from the scrum on any of their projects. (Yes this is a cut on TT, but spare me any defense on their behalf. I've watched their $ shenanigans since they brought on CIBC. They shed more financiers than a 17 year old sheds condoms at Nor'lens Mardi Gras)(Sorry, sometimes I still like to see myself in print...) Anywho, funding is near the top of the chain of events defining success. It's followed by construction, operation, evolution, et. al. But, it's preceded by contracts, community acceptance and efficacy. Each of the 3 latter are very complex, and 'tho they may have mastered efficacy, I would expect many hiccups on acceptance and contracts. IEI's simpler process and attendant lower cost help the hiccups as does the higher grade target waste stream. But the recent "bridge" financing for a $250K Amherstburg "upgrade", a $250K PP, and a promise of of a larger future deal just made the hiccups more audible. Note that with the stock trading around 2 bits at the time, a PP with a discount of 20% to it would issue 1.25M shares. A 5% dilution on a (estimated) float of 25M. Dilution is OK if expansion is a reality. But, I'd like to see it above board. I don't believe any details have been made public on the deal, nor do I think they need to. I'd like to see some uptrending earnings, specific to ROP, which could justify that division's expansion. I'd also suggest a secondary offering into at least the NASD small cap level. This would secure the upgraded listing desired for '97, increase credibility, and hopefully add a reputable body of longs to the shareholder base. My apologies again on the length. I have much to find out. I will continue to try making brevity one of my strong points. The jury is still out for me on FA. I try to stay objective, so don't read any bash or hype into this. My general impressions are good, but TT and Trooper have seasoned my emotions. ;-)

To: Bugsy who wrote (188)	2/19/1998 2:25:00 AM
From: TrainDriver	Read Replies (3) \| Respond to of 747

Brand new here to this board. Bought in yesterday so today was not what I wanted to see, but thats the game. Was wondering a bit more on the specifics on the products of this company. From what I gather they are able to make a sort of pig slop from garbage, and the farmers accept it. I assume it is acceptable because of a cheaper price for the product and not for quality. Does anybody have the differences in costs between this and whatever the pigs normally eat? Differences in price? I read about these big plants with classrooms and the whole nine yards, makes me worry about the overhead here. What in the world do they have to teach? I know I should probably wait till literature comes in the mail, but anymore information on the specifics would be of help. Next, the other side of this companies business is soil treatment. What exactly do they do; burn the soil or treat it with chemicals. There are several little outfits in my neck of the woods that burn soil to remove contaminants so if thats what they do it is certainly nothing special. Lastly like to know ratio of revenues from pig slop vs. soil treatment. I have never dealt in a company so small, so I am not sure anybody really knows these answers. But knowledge is key and the more I know the better off I'll be. Have more questions on the financials but this message is way to long. Thanks TrainDriver