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Gold/Mining/Energy : Alternative Fuel Systems ATF:VSE -- Ignore unavailable to you. Want to Upgrade?

To: Ally who wrote (600)	4/1/1998 12:30:00 AM
From: Bulltrout	Read Replies (1) \| Respond to of 4605

HERE IS A LIST OF INSIDERS AND PARTICIPANTS OF THIS STOCK AS TAKEN FROM CANADA STOCKWATCH. DO YOU OWN RESEARCH, BUT I THINK IT IS VERY INTERESTING. IT IS NICE TO SEE A FEW FUND COMPANIES. HAPPY INVESTING. Participants involved with Alternative Fuel Systems Inc You can click on a participant to see his/her roles with all other companies ($1.00) AFS INTL became a creditor of Co 8811 was disclosed as a joint venturer with Co 8811 bought a private placement in Co 8912 was disclosed as a vendor to Co 9311 was disclosed as a shareholder of Co 9311 ALBERTA TREASURY BRANCHES bought a private placement in Co 9310 was disclosed as a shareholder of Co 9310 ALTAMIRA MGMT bought a private placement in Co 9310 was disclosed as a shareholder of Co 9310 Arts Tony Pierre was a vendor to Co was disclosed as a shareholder of Co 8311 became a director of Co 8508 became a former director of Co 9008 ASM CAP has acted as a finder for Co was disclosed as a shareholder of Co 9312 ATON SELECT FUND bought a private placement in Co 9703 was disclosed as a shareholder of Co 9703 ATON VENT FUND bought a private placement in Co 9612 was disclosed as a shareholder of Co 9612 BEACONSFIELD MGMT SERV is or has been a management company for Co Beckedorf Siegfried was disclosed as holding an option on shares of Co 9507 BPI CAPITAL bought a private placement in Co 9310 was disclosed as a shareholder of Co 9310 CANACCORD CAP became a consultant to Co 9304 was disclosed as a shareholder of Co 9304 bought a private placement in Co 9307 CITY OF HOMER ALASKA bought an asset from Co 8803 CLARIDEN AGGRESSIVE PORTFOLIO bought a private placement in Co 9310 was disclosed as a shareholder of Co 9310 Claridge S Patrick was disclosed as an employee of Co 8506 was disclosed as holding an option on shares of Co 8506 CLD FIN OPP is or has been a creditor of Co CREDIT COMMERCIAL DE FRANCE bought a convertible instrument in the Co bought a private placement in Co 9207 received shares for debt 9207 was disclosed as a shareholder of Co 9207 Crowshaw Kenneth W bought a private placement in Co 9712 Cuthbert Lyle G became a director of Co 8612 became a former director of Co 9312 Dalfen Arthur David was disclosed as holding an option on shares of Co 9305 Dilon Moe was disclosed as holding an option on shares of Co 9409 DIMENSION HOUSE INTERNATIONAL INC bought a private placement in Co 8811 was disclosed as a shareholder of Co 8811 DORCHESTER INV MGMT bought a private placement in Co 9310 was disclosed as a shareholder of Co 9310 Fetherston John R is a former director of Co was disclosed as a shareholder of Co 8811 GENESYS DATA TECH bought a convertible instrument in the Co Gill H Rick became a director of Co 9401 became a former director of Co 9801 GLOBAL STRATEGY CANADA GROWTH FUND bought a private placement in Co 9310 was disclosed as a shareholder of Co 9310 Groome Richard T became a director of Co 9312 became a former director of Co 9409 Harvey Anthony R was a vendor to Co is or has been a shareholder of Co is a former director of Co became a director of Co 8606 became a former director of Co 9411 INLEX was disclosed as an investment of Co 8505 Jarman Ronald F is a former director of Co Jerome George was disclosed as selling an asset to a vendor to Co 8301 Johnsen Ornulf became a director of Co 8602 was disclosed as a shareholder of Co 8811 became a former director of Co 9312 KEENLYSIDE JOHN S & CO bought a private placement in Co 9310 was disclosed as a shareholder of Co 9310 KLM FIN bought a private placement in Co 8504 was disclosed as a shareholder of Co 8504 Klopp Gerhard O became a director of Co 8911 was disclosed as a shareholder of Co 9111 became a former director of Co 9303 became a director of Co 9401 received shares for debt 9601 bought a private placement in Co 9601 Ko Mary bought a private placement in Co 9310 was disclosed as a shareholder of Co 9310 LABERGE RES was disclosed as selling an asset to a vendor to Co 8403 Lam Tim Heung was a vendor to Co was disclosed as a shareholder of Co 8311 became a director of Co 8508 became a former director of Co 9008 Law David was disclosed as a vendor to Co 8403 Lee David Z W was a vendor to Co was disclosed as a shareholder of Co 8311 became a director of Co 8508 became a former director of Co 9008 LOM WESTERN SEC became a consultant to Co 9208 MacKay John became a director of Co 8811 was disclosed as a shareholder of Co 8811 became a former director of Co 9109 MacLennan Alistair M R bought a private placement in Co 8811 was disclosed as a shareholder of Co 8811 MacLennan Janet bought a private placement in Co 8811 Manhas Assa Singh was disclosed as holding an option on shares of Co 9304 Mirosh Edward A was disclosed as holding an option on shares of Co 9310 received shares for debt 9601 bought a private placement in Co 9601 Neuss Wayne D was disclosed as holding an option on shares of Co 9310 Newman Paul E was disclosed as holding an option on shares of Co 9310 NORAM ENVIRONMENTAL SOLUTIONS INC Predecessor Company 9707 NORAMCO MINING CORP bought a private placement in Co 9310 was disclosed as a shareholder of Co 9310 Pollock David C became a director of Co 8811 became a former director of Co 9008 POWMAC ENERGY was disclosed as a vendor to Co 9405 was disclosed as a shareholder of Co 9405 was disclosed as holding a royalty on asset of Co 9405 bought a private placement in Co 9407 QUANTA DEV was disclosed as a finder for Co 8508 Redekop Victor is or has been a shareholder of Co became a director of Co 8612 bought a private placement in Co 9712 RENZEN ENT bought a private placement in Co 8811 was disclosed as a shareholder of Co 8811 Rochon Daniel was disclosed as selling an asset to a vendor to Co 8301 SAGIT INV MGMT bought a private placement in Co 9310 was disclosed as a shareholder of Co 9310 Salmon Gary was disclosed as a vendor to Co 9405 was disclosed as a shareholder of Co 9405 was disclosed as holding a royalty on asset of Co 9405 Schreyer Edward R became a director of Co 9407 became a former director of Co 9411 SENGET PROJ INTL was a vendor to Co SENTINEL INV bought a private placement in Co 9310 was disclosed as a shareholder of Co 9310 Sim Leung Po was disclosed as holding an option on shares of Co 8407 Simmons Dale M is or has been a shareholder of Co became a director of Co 8911 bought a private placement in Co 9712 SIMMONS GROUP was disclosed as a vendor to Co 8712 was disclosed as a shareholder of Co 8811 bought a private placement in Co 8811 bought a convertible instrument in the Co 9202 became a creditor of Co 9204 received shares for debt 9211 bought a private placement in Co 9307 bought a private placement in Co 9307 received shares for debt 9310 was disclosed as a former shareholder of Co 9402 bought an asset from Co 9404 was disclosed as a shareholder of Co 9511 received shares for debt 9601 bought a private placement in Co 9601 received shares for debt 9610 Smith R Gordon became a director of Co 8508 was disclosed as a shareholder of Co 8508 became a creditor of Co 8811 received shares for debt 8811 became a former director of Co 9008 Stayner Patrick bought a private placement in Co 9310 was disclosed as a shareholder of Co 9310 Tao Cissy bought a private placement in Co 9310 was disclosed as a shareholder of Co 9310 TECSON RES bought a private placement in Co 8811 was disclosed as a shareholder of Co 8811 Tirmandi Cuneyt S was disclosed as holding an option on shares of Co 9310 Tong Danny was disclosed as a vendor to Co 8311 was disclosed as a shareholder of Co 8311 was disclosed as a former shareholder of Co 8311 van der Lee Arie became a director of Co 9401 received shares for debt 9601 was disclosed as a shareholder of Co 9601 bought a private placement in Co 9601 Vorberg Carol bought a private placement in Co 8811 was disclosed as a shareholder of Co 8811 WEST COAST CHARTERS bought a private placement in Co 8504 was disclosed as a shareholder of Co 8504 WONG M K & ASSOC bought a private placement in Co 9310 was disclosed as a shareholder of Co 9310 YORKTON SEC was disclosed as a finder for Co 8811

To: Ally who wrote (600)	4/1/1998 1:19:00 AM
From: Campbell Cu	Read Replies (2) \| Respond to of 4605

Hi Denise. You're very wise to use caution and proper due diligence when it comes to investing in the equity markets. Using the proper amount of hard due diligence and skepticism seldom result in an investment going sour. I always advise my clients that after they are satisfied with the results of their investigative work, a good entry point would be when the stock is beginning to consolidate. If the stock weakens a bit after the initial investment, they may wish to add to their position, provided the fundamentals of the company remains sound. If the stock starts to take off, they may wish to add to their position if the improvements in the company's fundamentals warrant it. During periods of high volatility, you may feel more comfortable sitting on the sidelines until things settle down, then make your entry point. As far as mortgaging your home to buy into a "sure thing of untold wealth" I don't think anyone would advise you to do that. The junior industrials are speculative, with possibilities of very high appreciation, but at the same time requires a higher risk tolerance. As far as the "baby Ballard" moniker, I personally think it is ridiculous to compare ATF to Ballard Power Systems, since they are at absolutely different levels of development. ATF is at the marketing stage to correct the problems of today, not 5 - 10 years from now. But of course ATF does not have DaimlerBenz and Ford buying into its RESEARCH program. It is refreshing to have a voice of caution after these past heady and exciting trading days, it even forces me to go through the company's fundamentals, economic numbers, and full potential over again. I remain satisfied with the soundness of this investment. CC