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Gold/Mining/Energy : Unitec Int. Controls Inc. -- Ignore unavailable to you. Want to Upgrade?


To: C Bunka who wrote (467)6/21/1998 7:28:00 AM
From: Ontopequity  Read Replies (1) | Respond to of 856
 
Without Prejudice.Thank you for the insider trading reports. They confirm what I posted previously: That the insiders "turfed" Unitec at prices well above current trading levels. I am astonished that you have not contacted these insiders before recommending the stock in your news letter and purchasing shares yourself.You must be joking! Perhaps you are too busy with your other penny stocks to perform normal due diligence? If these men wished to contact you, I am quite certain they would have done so without my arranging it.You should call them. Why should they call you?
I care very little if you respond to my posts.As far as I am concerned your a great guy with a great news letter. I reallly don't know what you are talking about when you speak about "my agenda". I think you are reading too much into my prior posts. I wish to see the potential of Unitec's technology brought under the control of capable business management (plural). My agenda is to ensure the appreciation of a company that I now have a stake in. That is why I introduced Glentel Inc. That is why I so openly voice my opinions in an open manner.I am not a status quo "yes man" content to see my investment devalued in a market that has no mercy on incompetence and wishful thinking.( Unitec's 98 business plan calls for a financing at $ 1.20 to expand. It's now June98 and Smyth has just now hired an Investor relations staff. Bravo!) If Coca Cola, McDonalds, or IBM lost nearly 50% of it's market cap, heads would roll. I spotted the problems before the market did and posted them publicly on the Silicone Investor. I did so because I had previously touted Unitec and wished to preserve my reputation. Dollars are a renewable resource. Reputation is not so.
I value mine. I am proud to have brought forward some serious questions in this public forum, despite the fact that it may have an adverse affect on my ownership position and popularity on this thread. Like you and all the others here, I have vested interest in seeing Unitec succeed. I have greater vested interest in preserving my reputation and asking the tough questions BEFORE THE STOCK DROPS 40%. Now that it has dropped, I feel poorer financially but richer in spirit. I truly hope the stock price goes up but there are changes required. A band aid is not enough to close an open wound. Major surgery is certainly required. I say get on with it.



To: C Bunka who wrote (467)6/22/1998 2:13:00 AM
From: Richard Saunders  Read Replies (2) | Respond to of 856
 
Chris/ mentioned before and am saying it again, nice to have you posting on the thread. Some of the recent thread comments raise some issues that I think are worth exploring. Like you, and many others who post here, I too have a vested interest in seeing UIC succeed. Sometimes I wonder if I'm guilty of wishful thinking......... time will tell. A recent post to you by tweet, whatever the agenda(s), also stated the truth. The point re: the market having no mercy is painfully evident on the one hand or it could also be presenting opportunity. Wishfull thinking?....... SOme questions for you Chris - a specific question, how/when did you first become aware of Unitec as a potential investment? When did you first establish a position? I was "late" (thank goodness....) into the situation and only became aware of UIC last fall and have picked away at a few shares between then and now. A more general question Chris - your last post presented a challenge. "Anyone who has real information that investors can use to help judge the value of a company is welcome to provide that information." In general terms how/what types of information do you feel that an investor should be trying to obtain when making an investment decision? I think I'm asking what you would likely define as due diligence and the process of trying to diligently maintain watch. Appreciate your views.