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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: K. Joseph who wrote (7635)	6/17/1998 4:59:00 AM
From: Steven Durrington	Read Replies (2) \| Respond to of 11708

Hi KJ and welcome to the diverse group of Coco-nuts. As for forthcoming developments and news releases, the company spokesman, Mike Millis, remains optimistic that things will fall into place, but that nothing is sure but death and taxes. Then again, I live in Saudi Arabia, and don't pay taxes, so even that doesn't really apply. The coco-nuts have been waiting (both patiently, impatiently, and obsessively) for the potential of CSMA to be fulfilled. As you might have read in the opening post, there are a lot of things to look forward to with the various subsidiaries. It's just... ...timing. The shareholder newsletter, regarding LPS, projected news to be released about LPS operations towards the end of June, if memory serves me correct. Envirotech should be perilously close to finalizing the exact Class V modifications as required by the Utah authorities, and I wouldn't be too surprised to hear something on that front in the next few weeks, especially if large disposal contracts are landed. Adhatters regularly reports going from strength to strength, and as for CO&G, I have little understanding of the operations or current progress, so perhaps others could help here. CSMA was recently criticized for publishing inconsequential news. Now it's being criticized for no news. When (and not if) things do fall into place, the company will proudly and loudly boast of its developments, and I'm sure, that we as investors will be happy at last. Given the potential growth of Coconino SMA, these depressed shareprice levels would be a good opportunity to buy in at bargain prices, in my humble(ish) opinion. Once again, welcome aboard. Durro

To: K. Joseph who wrote (7635)	6/17/1998 8:17:00 AM
From: TraderGreg	Respond to of 11708

As I've said before, I believe there are little pieces of news to report, any of which would have produced flames from us(myself included) due to their minor importance, when viewed as a stand alone release. Rather than produce blow-by-blow releases, I believe that the company is waiting to accumulate a certain critical mass of news and then announce that in one release. This is just a guess from someone who is groping for answers. TG

To: K. Joseph who wrote (7635)	6/17/1998 8:38:00 AM
From: TraderGreg	Read Replies (1) \| Respond to of 11708

As for answering the second part of your question re: adding to your position, here goes: The stock has been as high as $2.65 in the last nine months and as low as $.16. Prior to that(the "old" CSMA had been hyped up to $8 and up). Now, after the high of $2.65 in November 1997, the stock drifted down to $1.01 at the end of the year. This occurred in the climate of: increased Ad Hatters sales, development of legislation to authorize a Class V well and penalize those who won't use the Class V well; acquisition of LPS assets and the potential for rolling out financial management programs and loans to a broad customer base. Since the first of the year, with the stock already down nearly 62% from its November high, the price has fallen nearly 70% from the $1.01 January 1 level, closing at $.31. This price decline occurred in spite of the fact that the aforementioned legislation breezed through the Utah legislature, the Class V well was conditionally approved for nearly double the original 7500 bbl/day request(14,400) and the first contract for dumping has been obtained, the Company acquired a Class II well in Texas that can similarly be modified to Class V, the LPS pilot program in Pennsylvania has expanded to other states and the Company has taken steps to rid itself of problems with its shell through the proposed merger with Buf Cap IV. So, why the price decline of 88.3% from its high? o We are not a reporting company yet. o We are not officially aware of Class V processing yet. o No revenue stream has been reported from LPS o The problem with the shell was not known to shareholders last fall o The outstanding share count of 25mm is nearly double what it was last fall(due to LPS-7.5mm, oil/gas ops-??mm, warrants exercised-??mm, misc??mm) oOil/gas ops have been disappointing to date...but then I never valued them in the first place. That is pretty much it. So the question you should ask yourself is whether the resolution of the above bullets must all occur BEFORE you buy anew. IMHO, the events that have transpired still exceed those that still must occur, so it is an initial buy rec at a minimum, but I would be prepared to average down as well. TG