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Microcap & Penny Stocks : BCAM International -- Ignore unavailable to you. Want to Upgrade?

To: ForYourEyesOnly who wrote (58)	3/16/1998 5:07:00 PM
From: N. Dixon	Read Replies (1) \| Respond to of 333

THC, I heard from Michael Strauss. Here is the portion that is relevant to your initial question. <<As you undoubtedly know, last year we did a private placement for $1,075,000, a second one for $1.2 million, and a third one for $6 million, in order to complete the Drew Shoe acquisition. Each one of these transactions have taken me a long time, not because the funds were unavailable, but because I wanted to make sure that I dealt with investors of the highest integrity. I therefore was extremely selective in who I would deal with, performed fairly extensive due diligence, not only into their backgrounds, but also contacting CEO's of companies that they funded, to determine what kind of "partners" they were and are. Needless to say, this process eliminated quite a few of them. Therefore, the three groups that are currently investors of BCAM are, for the most part, longer term investors, of high integrity and ethics, and clearly not the type that are described in the illustration you attached. I have now been associate with these groups for close to a year, working very closely with them almost on a daily basis, and found them to be true "partners", very supportive of management, and the strategies that we are pursuing. So while I understand your concern, and have heard of situations that are described in the illustration, you can rest assured that the management ofBCAM will enter into a financial arrangement with people that have the highest integrity and business ethic. There is no way that we will jeopardize the business by entering into a relationship with anyone that we have concerns or doubts that their business objectives are not parallel with ours. (Incidentally, BCAM has the right under certain conditions to buy back the investment).>> Michael Strauss, Robert Wong et al are going to make this happen. The more I learn about the microvalve technology the more certain I am that this is an incredibly cheap stock. I can understand that if you only look at numbers you might hesitate---I look first at the management and this one is stellar. I'm in for the long haul and Strauss's note just reinforced my gut feeling about this company. Good luck with whatever you decide to invest in, ND