To: Kurt N who wrote (7944 ) 7/11/1998 7:34:00 PM From: KZAP Read Replies (2) | Respond to of 11708
I don't think any Envirotech news at this time will be so-so. JMHO This is the "golden egg" most investors have been waiting on. With some who have expected the progress to come much more quickly, still things have progressed forward. The hold up on the rig is unfortunate, however this could be the last opportunity to buy in the 30's? And I think others may feel the same way. We had a very large buyer waiting at .30, funny no one would let them in. It is my hope, that buyer will still start buying when news comes out. This buyer at .30 was told to me by someone with level II, remember when I was asking who had level II? FWIW, I had a few orders in at that price also. So maybe the combination made it look like a big buyer. (My orders still stand.) This news could be bigger than it looks. SALT LAKE CITY, June 2 /PRNewswire/ -- In a move seen as emblematic of his company's continuing progress towards fulfillment of shareholder expectations, Coconino S.M.A., Inc. (OTC Bulletin Board: CSMA - news) President Hamlin K. Elrod today announced that one of his long time acquaintances and a true industry insider would become an advisor to his company's Board of Directors. D. O. ''Swede'' Nelson, a former president of Chevron Overseas Petroleum, Inc. with over forty years' experience in the petroleum and environmental industries, has agreed to provide Coconino SMA with the benefits of his management and organizational expertise. Plans currently call for Nelson to become a full member of Coconino's board as soon as the merger with Buffalo Capital announced a month ago is completed. Commenting at a recent meeting of Coconino's Board of Directors, Nelson said, ''Coconino is involved in several very exciting ventures in industries with which I am very familiar. I look forward to very active participation with its management in helping them to achieve their goals.'' Nelson began his professional career with the Arabian American Oil Company (ARAMCO) in 1951 after graduating from the Colorado School of Mines as a Petroleum Engineer. He joined Chevron Corporation [NYSE:CHV - news] in 1962. After holding several top executive positions in Columbia and Venezuela, he was made President of Chevron Overseas Petroleum in 1968 and held that prestigious position for the next 12 years. During his tenure as president, Chevron developed one of the North Sea's major oil fields establishing several milestones in construction, operations, and maintenance that continue today. I was told Mr. Nelson could also be taking charge of the disposal well. However I have not confirmed that. Has anyone heard this? I don't know how the street is looking on the hold up on the disposal well, but someone is buying. Internet? Comments? KZAP