To: nikko who wrote (2081 ) 6/3/1998 6:57:00 PM From: Logistics Respond to of 8798
Important message to all: TEXN is represented by Mike King at Princeton Research. His number is 1-702-251-7163. He also represents TREY which has been slowly moving up and is being accumulated. Here is the TREY DD: TREY - COMPLETE DD - THERE IS ACCUMULATION IN THIS STOCK AND IT IS UP FROM HERE. THIS IS A TURNAROUND STORY AND THE COMPANY WILL BE RELEASING GOOD EARNINGS IN THE NEAR FUTURE ALONG WITH ACQUISITION DETAILS AS THEY EMERGE. TREY: The facts, observations and whatnot: Treasury International, through its wholly-owned subsidiaries, Megatran Investments and Mega Blow Moulding Limited, manufactures and markets customized plastic containers. For the 9 months ended 10/31/97, revenue totalled $4.8M, up from $690K. Net loss from continuing ops. rose 65% to $1M. Results reflect the acquisition of Mega Blow Moulding, offset by greater carrying costs associated with the operations of Mega Blow and Silver. Earnings will be released in one to two weeks. I am TOLD that earnings will be similar and the costs associated with the acquisition of Mega Blow will not reflect on this report. I am TOLD that future earnings will be significantly higher. Other concerns: S-8 filing to sell shares HAS BEEN EXECUTED. The proceeds from the sale of the shares went back into the company. TREY is making new acquisitions now. These acquisitions will greatly add to the value and profitability of the company (it would seem). News Releases: The company will not do a news releases as acquisitions become complete. These acquisitions will be complete "shortly" and news will be released detailing acquisitions and planned direction of the company over the next 1-2 years. Technical analysis of the stock: There is no doubt that the stock is under serious accumulation. The float is 22 million. The stock has completed it's decline and is moving up slowly (For Weinstein fans like me, this is a case of a classic completion of a stage 4 decline, stage 1 base and now moving to late stage 1 base to early stage 2). Obvious reflection of the accumulation. For those who like OBV, have a look. I was told by TREY yesterday that several interested investors have quietly accumulated 3-4 millions shares. It doesn't matter if this is true or not... someone has been buying a lot of TREY since mid Feb. In 1996, TREY did a REG-S in an attempt to raise cash and boost stock price (or so it was explained to me). This backfired and brought the stock from 1.4 level down to a low of .02. Several of these investors in the REG-S bailed early, hence the failure of the plan. TREY has no intention of repeating this procedure. It is up from here. Finally, the stock has been accumulated from real world buying over the past few days - NOT INTERNET HYPE!!! Finally: THIS INFORMATION IS MY OWN OBSERVATION COUPLED WITH PHONE CALLS TO THE COMPANY (Mr. Mayre Amesel- 718-377-1028) AND WHAT I COULD FIND FROM VARIOUS SOURCES ON THE INTERNET (MARKETGUIDE ETC..). PLEASE CALL AND DO YOUR OWN DD. Thanks to Tom Allinder for his due diligence as well. JL