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Gold/Mining/Energy : ZENON Environmental -- Ignore unavailable to you. Want to Upgrade?

To: Bannick who wrote (12)	8/5/1998 7:43:00 PM
From: Bannick	Read Replies (1) \| Respond to of 71

To All, ZENON recently announced that it has completed a secondary offering of additional shares. The new class to be a Non Voting Class A (ZEN.A) started trading on July 31st at $22.00 / share. Total proceeds from the offering (30Million) are to be used for membrane plant expansion to enable ZeeWeed membrane production to be able to sustain expected future growth. Press release is available, don't have the link handy at the moment. Regards to all. Mike B

To: Bannick who wrote (12)	8/11/1998 5:15:00 PM
From: matt b	Read Replies (1) \| Respond to of 71

Mike, sorry for the delay responding, I've been on holiday. Thanks for the info. Is Zeeweed a combo of reverse osmosis and bioreactor? I am familiar with both of these technologies. It sounds like something developed to fight the Zebra mussel problem of recent years? I don't follow any of these other stocks, except that I use to sell all types of filtration products several years ago, including r.o. A lot of companies have the basic technology, Osmonics for example started in 1969, and is probably a few years ahead of Zenon in terms of sales, but is spreading itself across broader markets. In fact Osmonics used to/may supply product to Zenon. (OSM on NYSE) trades at a market cap < annual sales, and PE has been in the 10-20 range, with similar sales growth to Zenon. Pall (PLL on NYSE) of course is many times the size of Osmonics and Zenon, but mainly in the process industries (eg. food & beverage). I think you are right that because of Zenon's size and the ticket price of their product, they have the opportunity for explosive growth. Do you have any idea how large an order backlog they have, as mentioned on their website? The technical indicators don't look good, but because so few shares trade it may be irrelevant. I'm also not thrilled by the dilution of a new share issue. Thanks. Matt