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Gold/Mining/Energy : Gensci Regeneration Sciences Inc. (GNS) -- Ignore unavailable to you. Want to Upgrade?

To: Andras who wrote (162)	5/11/1999 8:10:00 PM
From: Edward W. Richmond	Respond to of 225

Andras, I've held this stock for years. I agree that there is absolutely no problem with the product. People like James DeMesa are certainly, in my opinion, very competent. The problem, as I see it, is the multitude of missed targets and what I consider to be misinformation. How do you respond to this type of thing? This large luncheon meeting with analysts is really going to bring the company to investors' attention and drive the stock up. Oops! The luncheon meeting is off. Later, Oh the luncheon meeting, it wasn't important. We are going to do a road show that will really highlight the company to the big players. Well, it seems...... A very long time ago - We'll be on the TSE by June. Was that June 1996????1997???Try 1998??? I guess not. I find it hard to believe that the company can screw up things when there are so many things going for the products. However, I am not long on confidence. Let's see if I have to eat crow about the next quarter's G&A and the rationale for problems in that area. I sure would love to have to eat my words. Regards, Ed

To: Andras who wrote (162)	5/14/1999 12:07:00 AM
From: Edward W. Richmond	Read Replies (1) \| Respond to of 225

Andras, the financials for fiscal 1998 are now available on the GenSci webpage gensci.bc.ca. It is no surprise that marketing, general and administrative expenses are $13.5M with total revenue of $16.3M. Certainly seems out of control to me. The explanation is the cost of marketing and selling the product. I would assume that the explanation I received about the training of additional sales personnel is a part of these costs. Also included were the expansion of the corporate team and the expenses of moving of the head office to Toronto. It would appear to me that the costs of training and moving the office should not be significant in Q1. However, I predict that these expenses will again be extremely high and the explanation will parallel what is found in the Annual Report. Sure would love to be wrong. We'll know soon. Regards, Ed Unless we see some insider buying tomorrow, I expect to see the share price drop, probably to the $2.00 level. Again, I hope I am wrong.