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

To: C Bunka who wrote (745)	3/23/1999 10:15:00 AM
From: C Bunka	Read Replies (1) \| Respond to of 856

Chris, Could you be kind enough to post the following on SI for me. Dear Chris, After receiving several e-mails regarding posts made on SI regarding Unitec, I ignored my long standing self-imposed rule not to respond to cyberchat. The reason I did was the fact that I consider you a personal friend and one of the very few sincere and honest guys in our business. I also knew Mr. Douglas Tweetie. Doug had approached me several months ago regarding the chance to do some work on his hi-tech deal. Apparently, there was some miscommunication as I was quite interested in his deal (it looks very promising), but thought the company wasn't interested in my services. I have since chatted with Doug and he has been kind enough to clarify his comments on SI. In terms of Unitec, because I am an officer, I must file all my trades. I have indeed purchased 400,000 shares in the open market and at this time, am considering more purchases. This of course could change at any time. As previously noted, I was first introduced to Unitec a couple of years ago. It is only recently that I felt it had done most of what it needed to do to have any real chance of growing. The Company has always been behind the eight ball in working capital, but the recent financing appears to have freed us from that bondage. I point to the $1 share price of the financing as an indication that at least someone thought more of our shares then the current market does. John Smyth is tireless in his efforts and providing he doesn't die from his total dedication and gets help in his efforts, we should start to reap the benefits over the next 12-24 months. Thank you for your interest and patience with Unitec. Peter Grandich

To: C Bunka who wrote (745)	3/23/1999 11:36:00 AM
From: Ontopequity	Respond to of 856

Good point. Those who did well on the Canadian exchanges in the last couple of years did so by selling mining stocks at around the same time the BreX fraud was announced. This is one example where small players and outsiders could have done better than large insiders. The small players can sell all their positions quickly without moving the markets down too much, while the larger insider players are locked in due to the large blocks of stock which are not as liquid. Those who were fortunate enough to do this, did well by investing in a few selective high technology issues. Isn't 20/20 hindsight wonderful? This is certainly another instance where "if the queen would have had balls, she could have been the king!" ontopequity.com