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

To: Jim Drewitz who wrote (529)	3/2/1998 12:49:00 PM
From: Scott Munson	Read Replies (2) \| Respond to of 1112

Yes, the company did have the right idea with solid stainless, even if it didn't work out. The whole value of the company does revolve around NOUVINOX, as you said, and the stock price is starting to reflect that fact. The price dropped on the qtrly. report but is slowly climbing back as people realize that they knew what was coming. Hopefully we will start seeing some of the shipments of N going out this year. If STAX starts missing those, investor confidence will be truly shaken. Even though there may be some larger, long term investors, even they re-evaluate their investments as there are opportunity costs to be taken into account. If N doesn't get moved out this year, it will be a very bad reflection on the co. There are questions starting to surface about the reliability of the co. Even if a company discovered fusion, if there are enough delays, snafu's, and boggles, management can fritter away a truly unique product. It also does concern me that insiders own such a small percentage of the company, any ideas why? Let's hope for some action on the company's part soon. If I recall, shipments of N are due for middle/late in the year. Any reason we still haven't heard the size of the orders? Are we going to see delays on the customer end of these deals? What new accounts are being worked on, if any? Perhaps a newsletter to the stockholders would be in order as a means of addressing issues, and, if nothing else, to pacify and reward investors for sticking around.