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Gold/Mining/Energy : Altair Nanotechnologies -- Ignore unavailable to you. Want to Upgrade?

To: Rajiv who wrote (329)	3/31/1998 8:18:00 PM
From: Rajiv	Read Replies (2) \| Respond to of 603

Acquisition of the rights to the CJ First in a series of posts. During 1996, the Company acquired the rights to the Campbell Centrifugal Jig, since modified and renamed the Altair Centrifugal Jig (the "CJ"), through a merger involving the Company, Fine Gold Recovery Systems, Inc., a wholly owned subsidiary of the Company ("Fine Gold"), and Trans Mar, Inc., a Washington corporation ("TMI"). The effective purchase price of TMI was $3,732,450. This consisted of the issuance to the former TMI shareholders of Common Stock valued at $2,521,469 and the absorption of Trans Mar's assets and liabilities, with liabilities exceeding assets by $1,210,981 at February 29, 1996. The people who know the technology the best (the people who developed the CJ) sold TMI for a fraction of the current market cap. Surely they were aware of the huge potential of the CJ? A possible argument of the longs can be that ALTIF has made significant improvements to the jig. A look at the balance sheet tells me Operating expenses for Fiscal 1997 and 1996 was 1,858,033 and 1,335,725 respectively. Of the operating expenses $590,831, representing 32% of the total operating expenses, was related to amortization of the company's assets, as compared to amortization of $385,633 in 1996. During 1997, the Company invested $480,249 in the Tennessee Minerals Property, and has used $165,423 to construct additional CJs and $45,128 to build a CJ testing facility in Reno, Nevada. How much do you think was spent on development and improvement of the technology after acquiring TMI - my guess is less than 1M. The value of the TN property is zilch if the CJ does not produce a miracle (as compared to the conventional technology) Is the company worth a market cap of 150M+ ? Disclaimer : The above is my speculative opinion and is not intended to influence anybody. Everyone is advised to do their own research. Regards, Rajiv