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Microcap & Penny Stocks : Cade Industries -- Ignore unavailable to you. Want to Upgrade?

To: Upstock who wrote (3502)	5/7/1999 10:26:00 PM
From: Tony van Werkhooven	Respond to of 3563

Great summary of the annual meeting, as posted on YAHOO: Annual meeting by: rwarren123 3201 of 3210 Stock Guide, you and stuski deserve to know the skinney. The many days of posting relivant messages brings these returns. Listen to what was said at meeting. CADE has added 15,000 sq ft to the CENCO operations in MN., 32,000 sq ft have been added to AUTO-AIR in Lansing, and 85,000 sq ft have been added to Prarie View TX. This being a conservative company, it shows our growth is not in a neutral gear, but is blooming. Much was made of the languishing stock price, it brought considerable comment from Mr. Lund, and John Sandford Chairman of the board. It was said that it is a priority, however you must realize that this is not a smoke and mirrors type company ... others are going to have to notice the merits. Whether more time and money is thrown towards PR, I'm not sure but there will be effort applied. Secondly, the company is now down to 31% in debt status, from 39% in 1998. The company has grown all sectors of it's five part pie, with the largest increase coming from Prarie View in overhaul and repair {probably why it received the largest of the sq ft additions/we bought and have brought on-line a portion of a military base that was closed there outside of Dallas} Lansing's property was acquired some 4 years ago, an additional 4 acres closely proximate to current operations @ 600,000 now valued at 1.2 mil...not only does this company know how to engineer product, but it has an eye for value as well. John Nicholson/president of Cenco's operation/PHD in Aerospace engineering, suggests the 15,000 sq ft addition is great but he could utilize more. He further explained how the suit against the Wales/Ge project will evolve. I am 100 % satisfied that by September it will be a thing of the past, insurance is around 12.5 mil and the exposure is around 8.5 mil, do not be surprised if Cade makes money on the mistake. Lund was vehement in saying "we have been in the highest offices of GE, to molify and solidify our long term OEM agreements, we have received additional contracts from GE, and our two companies stand in agreement and friendship following this mistake. Molly Cade and I talked about her intentions/why the sale in 1998 etc., she explained and I am satisfied that she is in this for the long-term, however Lund suggested that it would not be surprising for her to sell 200,000 shares a year. At a plus 12-14 mil $ holding at that rate death will visit her before she would have liquidated her position. She remains a good balnace for the board. Watch for all four fiscal quarters to pretty much match what we accomplished in March 99. Growth rates will be met as announced. This will mean no more Forbes top 33 rd fastest growing, but extrapolate the numbers and one can see the value. All top officers see the stock as unervalued, and it would be ludicrous to assume otherwise...you can go from 2 cents to 4 cents but it is much more difficult in our line of business to go from 24 cents to 48. It's not in the cards, but Cade is expanding and on the prowl for another acquisition-no names mentioned at meeting. Watch for Swiss Air and Cenco to work together on a new test nachelle this year, and as ASIA improves, based on our flawless design for Tailand already accomplished, business will bring further additions to MN., operations. I live and work in Lansing, I know these operations the best, John Scanlon the pres of operations is a hardworking no bull...type that already has brought on line our new 32,000 addition and Cade is spending additional on our facility in Sunfield, Mi established operations very few investors even know about. Employee's like Scanlon will keep me around for years. Demands require I leave the post for now....thanks for remaining positive on a company that "punch's LARGE for it's size" and maybe with returning civility to this board I'll take time to post more. Posted: 05/07/99, 11:54AM EDT as a reply to: Msg 319