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Technology Stocks : Solucorp Industries (SLUP - OTCBB) -- Ignore unavailable to you. Want to Upgrade?

To: Bron-y-aur who wrote (175)	5/9/1998 11:27:00 PM
From: High Grader	Read Replies (1) \| Respond to of 3679

I believe that the deal is that EWK gets $1 per ton royalty from SLUP for every ton of waste material treated with the MBS process. The MBS process belongs to EWK and is leased to SLUP. Don't have any info on shares as has been mentioned though. Was trying to find if SLUP management types had been dumping any EWK shares, as this would be an indication of bad things to come. But have no ideas as to how we could find that out. EWK has just done a little Elliot Wave retraction as it should have, prior to bigger move up. The EWK price over the next couple of days will tell all. I will re-post the chart in the event of any significant changes at elkvalley.net Take Sunday off guys...6 days shall you labor and on the 7th rest. Monday will tell us a lot more.

To: Bron-y-aur who wrote (175)	5/10/1998 8:43:00 AM
From: Larry Garrison	Respond to of 3679

samg; this kind of stuff is in their 10K. I've cut-and-pasted two portions here, because the 10K is VERY long. It didn't cut-and-paste perfectly; the columns showing what these things were worth on the balance sheet were way off the screen to the right, so I just included the text portions. Please, you should read the 10K for yourself, make your own analysis, and draw your own opinions/conclusions. --------------------------- >> 8. LONG-TERM INVESTMENTS <TABLE> <CAPTION> (a) 100,500 shares of Earthworks Industries Inc. plus accrued shares of 36,165 (June 30, 1997 - 26,283) (note 11 and 18(d)) (Market value $61,700) (b) Convertible debenture from Travel Plaza Developments Inc. (Travel Plaza). The company elected on December 28, 1994 to convert the Cdn $50,000 debenture into 250,000 shares of Travel Plaza. Final regulatory approval for this conversion from the Alberta Stock Exchange is still pending subject to their acceptance of a financing arrangement and the approval of minority shareholders. On August 21, 1996, pending the finalization of the required financing to complete the project, construction has been temporarily suspended and the stock of Travel Plaza has been halted from trading. Due to these uncertainties, the Company has written this down to a nominal value. (c) Convertible loan to Cortina Integrated Waste Management Inc., a subsidiary of Earthworks Industries Inc. (public company), due September 5, 2000 with interest at 15% per annum. The Company is entitled to convert all or a portion of the loan into shares of Earthworks Industries Inc. at any time. During the term of this loan, the Company has the right to offset royalty payments due to Earthworks Industries Inc. against the loan balance. ---------------------------------------------------------------- 18. COMMITMENTS (a) ... (b) ... (c) ... (d) The Company has agreed to pay royalties to Earthworks Industries Inc.(Earthworks) (a Canadian public company) based on Cdn $1/tonne of soil remediated in Canada or the United States ($1/tonne will be U.S. dollars if soil is remediated in the United States). The Company will receive one share for each $1 of royalty paid, to a maximum of 200,000 shares, in minimum blocks of 50,000. These shares are accrued as the soil is remediated. An additional $1 (Cdn or US) will be paid for each ton remediated on contracts resulting from the efforts of Earthworks. The Company has the right to offset royalty payments against the convertible loan from Cortina Integrated Waste Management, Inc.(Note 8(c)).<<