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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (715)	4/14/1999 8:48:00 AM
From: Dr. Seuss	Read Replies (1) \| Respond to of 10293

Hey Peter, Long time. This company has gotten so many studies done to fake people out it's unreal. I don't even want to guess what these guys do when they take a crap. Probably spend 15 minutes stooped over the can because it may have looked like there was some gold in their poop. No, I guess it was just corn. How many times is ALTIF going to have someone state that there is a possibility of the mine being worth something. I thought that the big deal was the jig. If you remember, I uncovered that the machine shop in California, where, in one of their press releases was stated as working on jig improvements...did some welding for them a long time ago, but was not involved in any way. The owner couldn't believe his shop was being used in this scam. They has some consulting company in Aust. give a similar report. The reality is that their jig doesn't work, the mine is worthless and this scam is taking a long time to crash. Whomever is pulling strings knows how to do it slow. I made few bucks of altif and will shake anyones hand that has the patients to hold this one till it crashes. Dr. Seuss

To: Peter V who wrote (715)	4/14/1999 10:35:00 AM
From: Marconi	Respond to of 10293

Hello Peter V: ALTIF Altif's press release of 4-13-99 references " For a copy of the executive summary from the SRIC Report, please visit the Company's website at www.altairint.com". I just checked altairint.com and did not find any SRIC executive summary. I would like to see how the valuation figures were estimated. And if scaleup, investment costs such as interest on loans, and site compliance with EPA were factored in. In the old Australian consultancy report they left out those factors to arrive at a $200+M valuation. That is unrealistic. They note something like 11% slimes (clay) in the deposit, but plenty of water. If there are 500M tons of material, 50+M tons of slimes to dewater and put somewhere cannot be ignored. As long as their numbers are realistic and their assumptions are listed, the assessment could be useful for adjusting to a more realistic basis and seeing what that might yield for value. The scaleup to commercial size is not trivial for a pilot size separator with two forces acting on it. If the jig operates robustly then scaleup could likely work well. If it is a delicate balancing act, then scaleup may be difficult or may at some size become hopelessly impractical. The time frame strongly indicates the latter is probably the case. I don't know at this time. ALTIF is a minor play. I remain interested in shorting it. Best regards, m