Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Autumn Industries Incorporated (ATU-V) -- Ignore unavailable to you. Want to Upgrade?

To: thewiz who wrote (283)	9/23/1998 10:49:00 PM
From: John Korven	Respond to of 428

Wiz You could be very well right this may be the same NR from Aug. But I see they have warrants-do we?? Old NR for you!! Autumn Industries Inc - First seven months results for subsidiary(IME) Autumn Industries Inc ATUShares issued 5,459,413 1997-03-03 close $0.47Thursday Mar 6 1997 Mr Byron Loewen reports Profitable earnings from the company's wholly owned subsidiary, Interior Mill Equipment (1985) for the first seven months of operations are as follows: Sales for period ending December 31 1996: $4,093,677 Gross margin: $870,191 Profit: $136,558 (Results are unaudited and provided by management.) In addition, the company has received and accepted the resignations of Mr Roderick Allan, controller and Ronald Kolman, investor relations. Just thought I would give you a news release from 1997. A couple of things interesting here. After only 7 months, in 1997, they had $4M in sales and the latest news release from today has $3.1M in the last 8 months. There gross margin in 1997 was 21.2% hardly enough to make any profit as you can see from the NR only $136,558 in profit. At the present time I believe they are trying to get their margins to 26% which if they are would have a gross margin of $821,120 so far this year. But remember their burn rate runs at least $60000 remembering Byron takes $8000 a month at least out of the company in wages. This was a big dispute in June and the understanding was they would be getting the burn rate down. I don't see it yet. The other interesting note is the fact that this is the month Ron Kolman left the company-that day the stock was trading at .47 but down from a high of .90 earlier on. I could find out how much earlier the stock was trading at .90 but I don't have that information at my finger tips. Also notice the number of shares just in 03/03/97. The delusion now must be well over 17M. And the price from .47 to .10. It is obvious why a few were losing confidence in the present management BUT we have given them until the end of June 1999. I will be the first to congradulate them if we start to get some upward movement. You have to excuse me some of my comments are from pure frustation. John

To: thewiz who wrote (283)	9/25/1998 4:45:00 PM
From: John Korven	Read Replies (3) \| Respond to of 428

Wiz Canaccord came in to support the stock today, buying just over 40 thousand shares. That's interesting-maybe something is happening or ATU themselves supported it through Canaccord. At one point today the bid and ask was 6 and 11 with a sizing 1 by 24-didn't look too good. Thankfully we got a reprieve. Hopefully this is a good sign for next week. I know there are a couple of irons in the fire-maybe one got hot! Constantly hoping!! John