To: Dave Sullivan who wrote (93 ) 4/29/1998 7:45:00 PM From: Sojourner Smith Read Replies (1) | Respond to of 430
I am wondering if it has to do with the China deal. Maybe it will be connected with Mitsubishi. It is true they have nothing to sell, except maybe that deal. This is pure speculation on my part. I asked someone at Samad, about why the stock was going up, and he said there is rumor about Mitsubishi buying up the company in a tone that was very hard to read. I have since learned that that person is a key player. (Boy was I dumb) I asked several professional in Ft. Worth about the China deal and/or Mitsubishi. First ESCO it sounds like is out of the picture. People told me on one hand it was not likely, but then hedged on a chance. This will drive us nuts trying to figure it out. If you read the Samad site, you will see they mention MEGH as the elevator company. In the elevator biz, no one knows MEGH, they know ESCO. ESCO is dead. My point is Samad is either going to so bye bye to $ or they or going to get intothe elevator biz one way or another. I don't know how.They know the answer, and they ain't goin tell us. I called Mitsubishi in Thailand which the only contact for them that Elevator World magazine could give me. If you have a US contact, please let me know or if know Thai give them a call (about .68 cents a minute I think so talk fast). There may be other options that haven't thought of. I don't think this a scam. Look who is on the board of Samad - many MDs. I just think these guys know what they are doing. If anyone has dealt with them, please post. I have a feeling they are savvy with $. However I realize this is a gamble. So everyone needs to determine what they can risk. I have given my honest view. However, I have learned that no matter how much DD you do, the important thing is seeing all the angles and unless you are on inside, the view is limited.