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

To: Technopeasant who wrote (601)	11/4/1998 3:17:00 PM
From: csm	Respond to of 856

tp I guess you're right but certainly the TSE is seen as a better place to do business within Canada. I would guess that UIC will meet the $200K in pre-tax earnings, that is why I asked the question. I have followed other companies from the VSE to the TSE and it has been a positive influence on the valuations. The whole key here is for UIC to grow revenues (and to keep earnings positive). We really do need some positive developments here, we are barely keeping pace with last year! Let's be patient for a while. When the revenues are growing again we will all be able to have a more positive outlook. Stuart.

To: Technopeasant who wrote (601)	11/4/1998 11:09:00 PM
From: csm	Read Replies (1) \| Respond to of 856

I had been wondering what Mr. Grandich had been up to... ===== Testing the Water Unitec International Controls Corp UIC Shares issued 21,209,129 Nov 4 close $0.33 Wed 4 Nov 98 Street Wire GRANDICH SAYS PUT IT ON THE SCREEN by Stockwatch Business Reporter Leading off with his customary misspelled caution, "Because of my employment position with Unitec, I as always note my commentary is bias (sic)," Peter Grandich urges investors to take note of Unitec International Controls Corp. "I do not say this often but I urge those of you who have speculative interests to put Unitec on your radar screen," writes Mr. Grandich in a November 4 mass e-mail titled, "From The Desk OF Peter Grandich", circulated by Berwick Management Corporation. On November 3 Unitec announced its intention to establish a new oil and gas technology division in Saskatchewan to develop and market oil and gas related technology products. The Saskatchewan Opportunities Corp. will provide $2 million in a combination of loan and debenture financing for Unitec's new venture. According to Mr. Grandich, he was introduced to Unitec a few years back and was impressed with both their product line and their staff. "I told them that once they get their working capital up to snuff, I would very much like to get personally involved," writes Grandich. Apparently Unitec's working capital has met Mr. Grandich's standard of 'snuff'. "It's very, very, very important for anyone looking at Unitec to realize that the company does not suffered (sic) from lack of business," Mr. Grandich advises. He goes on to suggest, "This deal should not only expand it's (sic) oil & gas business, but it can open the door to bring in a good portion of that revenue sitting out there just waiting for Unitec to be able to capture and develop it." In early October, Unitec shares fell to a 52-week low of 17 cents, down from a high of 64 cents in February. "Unitec has suffered," notes Mr. Grandich, but he attributes this to the "dramatic decline of the Vancouver Stock Exchange Index which we all know is heavily weighted with resource companies." According to Mr. Grandich, "This decline has led both individual investors and professionals to refrain from venturing into new waters." In a communication on October 6, Mr. Grandich suggested that he would not be surprised to see Unitec move to the Toronto Stock Exchange. He would clearly like investors to test the Unitec waters in advance of any such possible move. Mr. Grandich's messages have high praise for Unitec president John Smyth, but few reach the level of his October 6 comments: "Its (sic) been a long time since I met a man as dedicated to his company as John Smyth. If your (sic) looking for a top gun who if you opened up an artery his blood would pour out on the floor and spell UNITEC, John's your man!" Mr. Grandich concludes his message with a lengthy disclaimer designed to protect against responsibility for any loss that investors might incur. He also discloses a list of companies which have "paid (currently, or in the past) a monthly retainer and/or granted stock options and/or other fees to Peter Grandich." Included in that list are Columbia River Resources ($2,500 and 200,000 options @ 25 cents); Donner Minerals Ltd ($2,500 and 100,000 options @ $1.25); Formation Capital Corp ($2,500 and 100,000 options @ $1.20); Foran Mining Corp ($2,500 and 50,000 options @ $1.50); Itex Corp (100,000 options @ $2.50 (U.S.), 110,000 @ $5.50 (U.S.), 50,000 @ $3.75 (U.S.), and $50,000 Itex trade dollars); Lyon Lake Mines Ltd ($15,000 one-time publishing fee); and Miranda Industries Inc ($15,000 one-time publishing fee, 50,000 options @ 46 cents). No mention is made in this communication of any fees or options paid by Unitec but in the past Mr. Grandich has alluded to options priced at 47 cents. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com