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To: Savant who wrote (131)	6/25/1998 8:21:00 PM
From: The Osprey	Read Replies (2) \| Respond to of 4201

Here he goes again Apex with his garbage(hype)This just recently sent to me by my friend Puffy: Subject: Update Number 1. Date: Thu, 25 Jun 1998 11:54:16 -0800 From: mcdo <McDo@cnx.net> Organization: Mitch McDougherty & Associates-Stock Investments. To: YYM D <McDo@cnx.net> HELLO CLUB MEMBERS: I must commend you members for the orderly manner in which you placed your buys so far this Thursday. As mentioned to you previously, I have been quietly bidding and buying myself, trying to wait for the offers to come out of the woodwork; then periodically picking away at some of the offers. It is always a good idea (as an example), that if there were say 15 lots for sale, do not jump in and take all 15; it is much better to take only 10, leaving 5 offered in the hopes more sellers will join that current offer. Here are a few more informational items about "CED" that are significant in nature. I will bring you more as time permits. 1. "CED" has sufficient dollars in the bank to place this tourmaline operation into full production on an almost immediate basis. PLUS, sufficient funds to acquire the "NEW VERY PRECIOUS" existing operations to be announced in the not to distant future. 2. "CED" has at its' disposal a readily available and qualified labour force. 3. The "CED" operations are all within a country that they totally understand and have been involved with for many years. Zambia is a country modeled after the British democratic system ( they were once a colony of Britain), and of course an English speaking native population of friendly non-violent persuasion. 4. The "CED" senior management have established a very firm understanding with the Government departments and the Prime Minister. A friendly and willing Minister Of Mines is extremely desirous to help in getting "CED" to place as many of its' abundant labour force to work as is possible. 5. There is an unbelievable gross and net return on the tourmaline produced due to the high market value, as well as the extremely low cost of production. The majority of work is performed with manual labour at a cost to "CED" of less than $0.60 PER DAY, PER MAN !!!!! 6. There is a persistent list of clients very eager to have "CED" enter into an exclusive long term supply contract on very favourable terms to "CED". Deals will be made in due course. 7. The McDo research team has investigated informational sources that are ************ "INDEPENDANT OF THE COMPANY"********* to confirm that all items mentioned are correct and reliable. My informational sources will include "G.I.A" (Gemology Institute of America) as well as "Marc Sorsi & Company" (the largest gemstone dealer) located in California. 8. "CED" has on site a 6 man geologist team completely experienced in both precious and semi-precious stones; plus a trained gemologist crew to both cut and polish to the finished product. In addition, there is an abundant market for rough stones as well. MORE DETAILS WILL BE TRANSMITTED TO YOU AS THE DAYS PASS. You will note that the stock is extremely well bid for UNDER the current bid price. This shows excellent stock strength and there is obviously people, ( other than club members), that are in the "KNOW" and willing buyers. In my opinion, this stock has nowhere to go except up from here !!!!! Be PATIENT, there is some great things that will be unfolding all in due course, BUT NOT AT THESE LOW SHARE PRICE LEVELS !! If you look at the "CED" chart, the stock had a run-up to $2.25 in May, before falling back. That tells me that most of the anxious sellers exited in May, and this next run-up should encounter less resistance and should be much more dynamic. I cannot emphasize enough my complete optimism for this stock; along with the very impressive, knowledgeable and financially " well healed" management. Also, as mentioned previously; momentum trade this stock if you desire, but certainly do not be afraid to buy and hold either. I would love to be in a position to speculate further on the "BIG EVENTS" to unfold in the future, but please exercise your patience for the largest rewards. They will be forthcoming in due course and they may well rocket this stock to new all time highs. There will most probably be a minor corporate announcement released shortly, so stay tuned here and/or on the newswires. I promise to keep you fully informed on an immediate basis. I will be issuing to you "Update No.2" as soon as possible. GOOD LUCK AND GOOD TRADING. Regards McDo But wait there is UPDATE # 2 Drum roll please...........