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To: Jay D. who wrote (1402)7/22/1998 12:39:00 PM
From: Clayton Eley  Respond to of 4080
 
I think the price of the stock answers it all.



To: Jay D. who wrote (1402)7/22/1998 12:42:00 PM
From: Shorty Long  Read Replies (1) | Respond to of 4080
 
Jay,

I am positive. Also, the preferred stock converts one-to-one to common.

I also spoke with Jerry, but very shortly, as I knew others were also.
I think the answer to the Genesis arrangement, is that it just was not a good fit for either company.

We are all disappointed, as I'm sure Beacon is about the delay in audited financials.

The 4.1 float is really old news. We knew this some time ago.

I think if we realistically look at the $50 mil as a projection by Pinnacle, with current activity to approach that figure, that is how we need to view near term potential.

The on going activities to acquire other operations is positive. Beacon is a holding company.

I guess the 6.3 outstanding shares results in a per share value of about 60 cents??? Another mil will bring it down to 55cents???

That is of course current value. As the acquisitions occur and revenues increase, as a holding company with little or no overhead and g&a the value should increase.

I still believe a 30 to 40 cents EPS is achievable in 1998. So, stocks prices could be anywhere from $1.25 to $8.00 a share in January, depending on the 1999 outlook for expansion and growth.

The critical thing is the release of Audited Financials. This tells the tale. Since the factory has been producing a variety of products since July 1, 1998, then there should be some indication of how well things have gone.

Certainly, any additional PO's or contracts will be beneficial, along with other acquisitions.

All in all, it isn't a 1.7 float and the $50 mil is not in the bag, but it is still an investment that I will stay with for the long term.

Shorty



To: Jay D. who wrote (1402)7/22/1998 1:07:00 PM
From: Shorty Long  Read Replies (2) | Respond to of 4080
 
Well folks,

This is fish or cut bait time. Are you in or are you out???

Shorty



To: Jay D. who wrote (1402)7/22/1998 1:27:00 PM
From: Charger  Respond to of 4080
 
I am feeling a lot more comfortable. He is also going to have Maureen on the phone, starting Monday. She is from Georgia and "speaks more slowly", lol. She will be relaying information from Jerry to us and whomever and maybe she will be handling the emails from the website. It is apparently very expensive for him to pick them up from China.

It is as I had thought, contracts and negotiations simply take longer than we think, or hope. But I certainly have no sense of "bad" management or shady dealings. The fact that Lloyd Wade has 800k shares is pretty impressive.

Charger