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

To: Link Lady who wrote (787)	4/22/1999 9:33:00 AM
From: C Bunka	Read Replies (4) \| Respond to of 856

I received this email from Peter Grandich - he says he doesn't mind if it is distributed. This is all I know... Dear Chris, As you know, I consider you one of the most upfront newsletter guys and a man who's decency is always shown in his work. Because of this, I will summarize my situation as it relates to Unitec. I was introduced to Unitec by a stockbroker named John Weisgerber several years ago. I visited their operation and although they were interested in securing my services, I told John that their capital base and certain shareholders at the time wouldn't allow me to be much help. I began to M/C Joe Martin's show and as you know, I became quite impressed with your work and the guts to make forecasts and recommendations you knew would not be popular with the audience. When you spoke of Unitec in such a high regard, I mention to you perhaps it was time for me to assist them. John Smyth and I concluded a work agreement and I began my work as I do with all other clients. It wasn't too long into my relationship that I began to sense that Unitec could become a significant player in its field and its stock had very significant upside potential. I have purchased 400,000 shares so far, and if one of my many "dog" stocks could bark up a little, I want to sell them and buy more Unitec. In a nutshell, this is what I see at Unitec. It has always suffered due to poor working capital. Quite frankly, I am surprise it got to where it is today. The Socco deal was not only a likely life saver, but it could end up being the spark that lit the fire to the company. I was most impressed with their willingness to buy in at a dollar a share price conversion. Now, I have never seen the agreement but Unitec was likely not in a position to play hardball so you have to ask why these folks did it this way. The relationship not only opened up a new division, but it has brought their financial support in another way already which has paid dividends. It's strictly only my feeling, but I think this relationship has much further to go. I have to assume that our product line is okay or else we wouldn't have the potential business shown to us. I will be visiting Unitec next month and if my Board seat takes effect, I will want to be brought up to speed on our technology. Speaking of the board seat, John and I thought it would be beneficial, but we missed by a couple of days of being able to get it into the annual meeting stuff. Therefore, I will have to be nominated from the floor. The six to three seats was already in the works when we decided at the late hour for me to come on board. There needs to be a conclusion to some compensation issues (Chris, I have been delaying my monthly salary since I started to help Unitec but I need to be paid for 8 months worth of work of which John says I will). It's my understanding that John's stock is based on Unitec reaching a certain earnings level so I found it useful that he needs to see bottomline results like the rest of us. John has been tireless in his efforts and has been a one man show. That has good and not so good points but again, if and when I come on the Board, I will have the right and desire to look at Unitec with a fine tooth comb. I do know from experience that guys like John are needed if you want to go from a couple million in sales to tens of million. I don't know about the status of the financials. The last I heard it was due out this week. Remember, there's no one doing investor relations full-time and other then me, no one is introducing the company to the investment community. This will of course likely change if I come on the Board. I hope this answer the questions and I have no problem with this being circulated.