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Gold/Mining/Energy : Napier International Technologies Inc. (T.NIR) -- Ignore unavailable to you. Want to Upgrade?

To: SergioV. who wrote (112)	5/21/1998 9:30:00 AM
From: Kenneth C. Fidlin	Respond to of 2444

I became involved as a private investor in October 1994 on the advice of a friend who had been told about Aquasol's patented cleaning system, which was particularly effective in the oil and gas exploration industry, both as a cleaner for equipment and for the sanitization of invert muds. The original intent was for the company to go public within few months. That didn't happen, it seems, because of internal management problems. Quite frankly, I don't know what happened during 1995 and much of 1996 as the company struggled to reorganize. I'm in Ontario, the company is in Alberta and since my stake is small, I tended to ignore it until I would get sporadic newsletters and updates. By early 1997 the present management team had taken over and things began to percolate. The notion of an IPO was revived and that's where we stood early this year. The only thing constant throughout my association with the company has been an abiding belief by everyone involved that the Aquasol Process has dynamite business possibilities if exploited properly.

To: SergioV. who wrote (112)	5/21/1998 9:46:00 AM
From: Rich Kaiser	Read Replies (1) \| Respond to of 2444

Hi Everyone and Dave, Yes, the recent downturn in price on the short-run seems to be a main concern. I'll put it in two words, "HOT PAPER". We have insiders, from both NIR and Aquasol, who have patiently waited for this moment for years, let them take their earnings, NOW!!! As soon as they are out of the picture, the price will start moving upward. Let them dump!!! We'll pick at them like vultures and add to our positions. I must be a little concern because we have management of NIR who are directors on two other companies: V.PTD and V.CMV. My concern maintains itself of the "OLD WIPPING BOY" venture capitalist story. In technical terms, subset management of more then one organization sells-off positions in one company's stock(the performer) to generate momentum in another. Thus, NIR would become the bank for the other two companies and we the stock holders of NIR will pay the premium for the movement of monies. So, you ask:" what do you do?", two options: you believe that management will maintain integrity and let the other two companies find there own existences or you make positions in V.PTD and V.CMV- this will insure overall increase in your portfolio and provide risk management in your NIR holdings. Still" WALKING-TALL" NIR. Rich