To: Charger who wrote (2419 ) 5/12/1998 11:02:00 PM From: JOEY Read Replies (1) | Respond to of 9096
Below is a post from Sowl taken from the AOL thread. He has been a a big help to us on this thread. I appreciate his DD. Subject: More News and Opinions Date: Tue, May 12, 1998 17:53 EDT From: SOWL Message-id: <1998051221535900.RAA11670@ladder03.news.aol.com> Hi there "Cheerleader"...I enjoy the enthusiasm! As far as PLFM goes I don't see any major price recovery until we see news of a signed contract and revenues. What worries me is what happens if the Brazil deal falls apart? Then I think we are back to square one--which means .10! I am very disappointed in Todd, Greg and Howard regarding what they have indicated over the last few months about the Brazil deal and testing. I was told as far back as Christmas that Brazil was a done deal, and even that the contract was signed. They later recanted that and said that actually the contract was a four part contract and the first two sections were signed. Even a few weeks ago I was told that the deal was completed and Brazilians only wanted test to make sure everything worked. Now, we are hearing that PLFM is still in negotiation phase. Things may still work out fine but I don't like being deceived, even if unintentional (I realize that things change quicklywith these situations but still...). Anyway, as far as new news go, I just talked to Todd and he was very evasive. Maybe, that is because he's tired of me posting information for everyone and he has clammed up, but it may also be that he is worried. He certainly did not exude his usual confidence and "everything is great" attitude. What he did say was: 1. 2 negotiators leaving for Brazil on Friday--Howard NOT going 2. Aviation Weekly article to come out Friday (but Greg told Jake on SI not on Friday) 3. Testing for other countries was conducted over the weekend by Howard--didnt say which one's I told Todd that I don't see much of a support level for PLFM until .30 without news and he agreed that there is not much buying support. He did say that there will be some news releases coming about about validation of system and so forth. But I told him that I doubt that will do much for the price and that I thought only news of a signed contract will get us moving again. Todd thinks that the Press Releases will at least keep us at a base level. I am not as convinced. I think I will post this message for the group to let them know what Todd said and so I don't have to retype it. Good luck.