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Microcap & Penny Stocks : STAX -----> Stelax Industries - A real gem. -- Ignore unavailable to you. Want to Upgrade?

To: Scott Munson who wrote (581)	4/27/1998 10:35:00 PM
From: Hans Reuchlin	Respond to of 1112

Very nice synopsis indeed. Some more marketing effort would be appropriate. In talking to large multi-national construction companies, I'm perplexed by the fact that they haven't even heard of Nuovinox. Maybe a more aggressive pursuit of both certification and a concerted ad-campaign in the industry standard publications, would raise visibility.

To: Scott Munson who wrote (581)	4/27/1998 10:54:00 PM
From: Eric G. Erpenbeck	Read Replies (1) \| Respond to of 1112

Scott, I think it is important that we try to understand a few of these things and I will try to answer a few of the questions the best I can.. Certainly I can clear a few of them up for all of us. I can not answer all of your questions but maybe Stelax's Public Relations person will step in and help us all out.. I think it is important that the small loyal investor understands what is going on the best we can.. 1. I believe All the equipment used for SSS is exactly the same as for NUOVINOX. 98% sure of that, Jim can you confirm for us! That is the way I understood the process. 1a. Rather than a loss there is gain from discontinuing SSS from my perspective. 1b. The SSS program as such can be turned off immediately and on the contrary, by diverting the energies to Nx, speed up the Nx program and quit diverting energies away from the real money maker we have all be waiting for anxiously. 1c. Given that SSS produced in the far east has been sold to Germany at below cost of Stelax, it is quite understandable that the original agreements cannot and should not be fulfilled! I believe it is a currency problem as can be seen in many previous balance sheets. 1d. The March figures will probably be out the first week of July and will show the losses/gains(if any). This is typical of STAX. Remember those order were never hard money contracts just orders as Stelax could fullfill obvious why they discontinued these efforts. 1e. Scott, the German Mill or better yet the planetary mill as I believe it technically should be called, IS FOR Nx production. I am surprised you did not understand the intent and importance of this mill, its procurement, and most importantly ITS OPERATION!!!! 2. FORGET SSSS!!!! Nuovinox is where it is at! 3. It should be anytime now but as usual we continue to wait.. IMO I don't believe quantities will be that significant but it may give all investors the extra level of confidence in Nuovinox and let us know of STELAX's production capability. This will be good news to see IMO for all us investors.... We continue to wait does anyone else know, hint, hint? 3a. Not that I am aware of? Does anyone know? 3d. I personaly am hopeful that we would see positive results from substantial orders coming with in 4-6 months and of course receipt of any payments 60 to 90 days afterwards, to be consistent with the SSS payment schedule in the past. Of course I don't know the time frame but we have to speculate at this point to answer such a question. I sure hope my gut feelings are close to right. Anyone have any better idea? 3e. See Above. 3f. I would guess that it will have to be self financed. 3g. I believe we want to see a large orders coming consecutively or all at once for NX. Also understand that the present Stelax balance sheet does not support debt financing. As for equity financing, I am guessing this would be the option of choice. 3h. See above. 3i. Personaly I believe we might see some dilution but hopefully earnings will be there to support the increased shares due to increased product demand. Another possibility would be that Stelax would identify an investor or entity to acquire such shares protecting us small investors, by allowing such an investor to pick up all the new issued shares... I believe this was sort of what happened in the past with the Dreyfus fund accumulation. 4. I do not know. Can Drewitz help us on that one? 4a. I do not know. I once again will also beg for Jim to answer this one for us. 4b. Seems like that would be inside information to me... 5. Seems like this is information we are all anxiously waiting to see as a news release. 6. Same as 5 6a. Same as 5 6b. Gosh I would sure hope sooo!!!! 7. If I had to venture a guess I am guessing they are producing Nx right now. Can anyone confirm this? Hope this helps some, I hope to continue to accumulate, I think the future is brighter since the cancellation of the SSS production and I believe efforts are being expended in the right area (NUOVINOX!!). Eric