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

To: Stew who wrote (650)	4/3/1998 5:08:00 PM
From: Lonnie	Read Replies (1) \| Respond to of 4605

Off Topic: There has been a new thread started for a small BB company called Astris. The thread only has a handful of posts. The co. is in fuel cell R and D area. It has been around for a couple of years and has recently changed it's symbol. I have not verified anything on the thread but someone is claiming that they are getting a contract with Dept. Of Energy. (US I believe) I'm being lazy here and didn't post the url. Search for Astris. It's at about 30 cents. Still dirt cheap if it's following Ballards fuel cell research.

To: Stew who wrote (650)	4/5/1998 10:41:00 AM
From: Ally	Read Replies (5) \| Respond to of 4605

>>Denise: What about getting irrevocable L/Cs up front? Also, would there not be some export guarantees from the Cdn. Gov't<< Stew, Sorry for the delay in replying. The arrangment for the 1,050 units is a cash advance to AFS, and a letter of credit (which I assume is irrevocable as most are in such cases) whereby the bank will pay AFS the balance after the units have been delivered. There wouldn't be export guarantees from Cdn Govt on deals of this nature. Purely commercial and nothing unusual. AFS given sole distributor rights to CCM, which in turn supplies and retrofits the buses as per contract between CCM and CEM. The 1,050 Sparrowunits is only a project. A letter of intent is not yet an agreement for the 10000 units for 10 years. They'll have to work out an agreement upon completion of the project. d