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Microcap & Penny Stocks : TNRG Tianrong Building Materials -- Ignore unavailable to you. Want to Upgrade?

To: Shawn Donahue who wrote (347)	3/25/1998 4:33:00 PM
From: Peter C.	Read Replies (1) \| Respond to of 9824

news... Tianrong Building Material Holdings, Ltd. Announces Cancellation of 9 Million Shares of Outstanding Stock Business Wire - March 25, 1998 16:26 %TIANRONG-BUILDING TNRG %CALIFORNIA %BUILDING %CONSTRUCTION V%BW P%BW Jump to first matched term NEW YORK--(BUSINESS WIRE)--March 25, 1998--Tianrong Building Material Holdings, Ltd. (OTC BB:TNRG) announced today that it has cancelled 9,186,814 shares of previously issued Tianrong stock. This stock cancellation is in addition to the 2.5 million shares of Tianrong stock cancelled last week. In total 11,686,814 shares of Tianrong stock has been cancelled in the last 10 days. According to Tianrong the cancellation of this stock will reduce the total number of Tianrong shares outstanding to approximately 35 million. The 9,186,814 shares cancelled today had previously been held by parties who were owners of the stock for more than 2 years. Thus, the cancellation of this stock prevents the stock from entering the float. Tianrong is a business development company that has set as its goal the acquisition of businesses in numerous industries and plans to apply Tianrong's management expertise to quickly grow value in the acquired businesses. It is anticipated that on a long-term basis some of its acquisitions may be spun-off to Tianrong shareholders via stock dividends. For further information on Tianrong, please contact James Tilton at 212/398-7833. CONTACT: Tianrong Building Material Holdings Ltd. James Tilton, 212/398-7833

To: Shawn Donahue who wrote (347)	3/25/1998 4:39:00 PM
From: John Hanzl	Read Replies (1) \| Respond to of 9824

Shawn - Why not have more than one product and be in more than one growth industry? I have to disagree - I am an EE and have designed several products for the film/video industry. I know what it takes to bring a design to market. It is a huge consumer of time and monetary resources. I don't mind exploration in a wide variety of avenues, but I would prefer to see them focus on just one (or at least one niche) and make it excellent. Jim B has indicated that TNRG is also of that mindset, which is good. So with that logic...you must only invest your resources in one stock at a time? Of course not, however that is not quite the correct analogy. What I DO do is invest in companies that are involved with something that someone with my technical background can relate to. (I trade all sorts of companies) That is why my core holdings like TAVA and IOM (am long gone, but was in at $4 and made 6,000%) do well, I understand them. Anyway, my guess would be that they issue stock..Look at how many times World Com has issued stock in its acquisitions and even MCI didn't seem to mind!If Nighthawk is confident enough in Tilton and TNRG to take stock, and have to wait till 1999, then why shouldn't we be? Agreed - though it is still a good idea to flip it over and shake it a few times and see if anything comes loose! Looking forward to tomorrow... JohnnyH PS - I would love to see some action in EXTI!