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Microcap & Penny Stocks : STAX -----> Stelax Industries - A real gem. -- Ignore unavailable to you. Want to Upgrade?

To: Scott Munson who wrote (524)	2/19/1998 7:33:00 PM
From: Hans Reuchlin	Respond to of 1112

Scott, I too shall sit on my 30K pile(ouch..), however, I'm glad they have taken the right turn. Cannot figure out whether the losses were incurred because of a bad stockpiling purchase some time ago(as mentioned in the previous quarterly) or was caused by the asian flu. Just hope they will do it right from now on, which I think they will in light of your scathing and poignant criticism. Just hang in there buddy, as I will. Hans

To: Scott Munson who wrote (524)	2/23/1998 11:16:00 AM
From: Jim Drewitz	Read Replies (1) \| Respond to of 1112

Scott: Well said. I personally think anytime there is a start up company, management makes a few mistakes and those mistakes get magnified when the mistakes prove true. I think the opportunity to make some money with "solid" while gaining a market foothold with NUOVINOX was a good idea - in concept. There were production problems and market conditions - that were not anticipated - that did not allow that concept to come to fruition. With that realization in hand, management has taken the prudent steps to do the right thing.And that is make NUOVINOX the horse that it is. And, indeed, we are all going to continue to be patient.In my opinion. Jim Drewitz