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Gold/Mining/Energy : Magnifoam Tech MTG/ASE -- Ignore unavailable to you. Want to Upgrade?

To: JAMES BORECKI who wrote (43)	3/19/1998 8:32:00 AM
From: STUART	Respond to of 144

James; we saw some good action late in the day from Nesbitt(someone picked up 15000 shares just befor closing.) I DID SOME CYPHERING WITH THE FIGURES IN THE 3/4 REPORT THEY POSTED. 3rd -lost 1.366mil , approx. 1 mil. of which was qsi startup 4th -projecting 3.600 mil in sales (for a total of 7 mil on the year). without the special charges,and with their quarterly charges normally being around1.2 million these days,is it probable we are finally looking at a profit(around 2.4 mil)? if the equity offering is around 2,000,000 shares,would they also be debt free? they would then have around 12,000,000 shares,would they not,but a much better position. if polyfabs sales were 12 mil last year,and sales have improved as they say,are we looking at over 20,000,000 in sales next year(especially when Mr Ambeau sales those transit delays will be included in fiscal 1999.)with the new companies and increased customer base,i'm actually looking for much more than that, but it would be a great start if you have done your own calculations or can point out flaws in mine,please do,along with some thoughts.i first bought in in the spring of 1996 at over $10.00 and have been averaging down for two years,so as you can see ,i've been waiting a long time for a positive result. still no e-mail from ms. brooks re. that special 3/4 report. if you recieved it could you post it here.thanks. there is still a lot of enthusiasm,but i think the delay in the t.s.e. listing is hurting.i wonder what the problem could be? i have heard that a company needs alot of cash,or maybe all the restructuring,or maybe the upcoming offering is delaying it. they better have it by the meeting in june(annual) or Mr. Ambeau is going to have many disgruntled shareholders on his hands. thanks.

To: JAMES BORECKI who wrote (43)	3/21/1998 5:36:00 PM
From: STUART	Read Replies (1) \| Respond to of 144

james; again some late day action on friday from nesbitt. its like they have an offer in all day and if it doesn't go through they pay market at the last minute. Because it's alberta they have until 4.30 p.m.,a fact only someone with big bucks would probebly take advantage of from T.O.,WHERE I ASSUME THE BUYER IS FROM.15,000 shares again,so at least 30,000 by probably the same person (fund?) over the last two days. it gives me a bit of confidence to know someone with alot more money than me is buying. a friend at work who has a small position is buying 3000 next week. i feel that things are finally looking up, but i have felt that before and been wrong.it seems every time they were releasing news the stock would go up 20-30 cents,then come down 70-80 cents. the year end is march 31, and the year end results are released around 2 months later. it might be pretty good.if not i might, i might sell 1000,and try some other stock.that would still leave me with mucho magnifoam,but i feel one of these days..... i still havn't received my e-mail from carolyn brooks. have you? hopefully the selling business is keeping her too busy to reply. they must have a large number of shares held by insiders if they can get over 50% votes without doing a mailing.thats good,i guess. upcoming releases that would help- a) T.S.E. listing. b) private placement@ 3.50 per share (i can dream,can't i?) c)a major airline-automotive-military-subway-contract d)a fourth quarter PROFIT! keep the faith-i will(at least until the 4th quarter results.) excuse the rambling but i'm snowed in.c'mon spring!