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Gold/Mining/Energy : Unitec Int. Controls Inc. -- Ignore unavailable to you. Want to Upgrade?


To: John B. Smyth who wrote (598)11/4/1998 1:31:00 PM
From: csm  Read Replies (2) | Respond to of 856
 
Hi John,

I saw a 100K share bid today, the first I've seen on UIC.

Out of curiosity, and not wanting to start any rumours, it looks like Unitec is getting very close to the requirements for a TSE listing. With the business looking up, perhaps a change of exchange would help. Is this receiving serious consideration, or do you see that as something that would happen further down the road.

Thanks, and please don't misunderstand any of my comments. You have been very open with us and I want to be the same. Excellent news.

Stuart.



To: John B. Smyth who wrote (598)11/6/1998 12:12:00 AM
From: Hank Stamper  Read Replies (2) | Respond to of 856
 
Smith wrote: "SOCO have requested we do not release the interest rate, but I can say it is very attractive (single digit) for the loan, and the convertible debenture is a bit higher.

This financing will provide the wherewithall to accelerate our growth."

This is exactly what the huge recent increases in money supply and reduction in rates (US Fed and other G7's including Canada) is fostering. The small and micro-caps will find it a lot easier to get the financing needed for expansion and capital equipment purchases. What applies to Unitec also applies to its customers! It is now much easier for them to purchase Unitec's products.

Overall, this process is what drives economic expansion which leads to increased revenues which leads to increased earnings and rising equity values. (And in the process increased employment and the dog's tail, consumer spending.) Who said the bull market was dead meat?

Ciao,
David Todtman