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To: Gene Veinotte who wrote (1328)4/23/1998 3:10:00 PM
From: Leigh McBain  Read Replies (2) | Respond to of 2011
 
Gene, I would suggest that your synopsis is probably fairly accurate. The one issue, I wanted to comment on, is the reference to the earlier news releases about sales and general progress etc. I have been told not to expect the same kind of coverage on an ongoing basis. The reason I was given was that it simply didn't seem to have a lot of market impact, or at least not as much as was hoped for. Obviously financials, that represented the business activity, would have caused it to have a greater impact on the investment community.

I believe there was another reason for it being a bit of a one-time phenomenon as well though. The company was, at that time, attempting to prove that Taylor Rigs was THE future of this company or at least a huge part of it. They needed to let the public know that they had immediately, upon commencement of production capabilities, been able to garner market penetration. This is a bit of reading between the lines, on my part, NOT direct quotes by any means. Now, we may again see instances where this type news blitz tactic is used, I am just suggesting that we should not expect it to continue as the normal style of day to day business.

Salut,
Leigh McBain