To: Mike Simms who wrote (6124 ) 5/25/1999 10:38:00 PM From: Ga Bard Respond to
Well it has a chance now of going NASDAQ. The news release even gave hint of more to come. I have gotten in stocks at this range with far less than a deal with Indiana Power as a client I grant you.Pursuant to this agreement, SGI has the option to divert up to 100,000 tons each year to other parties for test burns in order to develop additional customers and markets for the upgraded coal. John Spencer, Director Fuel and Technical Services, Illinois Power said, ''SGI's upgraded coal combines the clean burning attributes of PRB coals with the high-Btu content of bituminous coals used by our Wood River and Havana Stations. The Company is seeking collaborative or other arrangements with larger well capitalized companies, under which such companies would provide additional capital to the Company in exchange for exclusive or non-exclusive licenses or other rights to certain technologies and products the Company is developing. Although the Company is presently engaged in discussions with a number of suitable candidate companies, there can be no assurance that an agreement or agreements will arise from these discussions in a timely manner, or at all, or that revenues that may be generated thereby will offset operating expenses sufficiently to reduce the Company's short-term or long-term funding requirements. In addition, the Company, as of January 14, 1999, has entered into a joint venture with MLFC a wholly-owned subsidiary of Mitsubishi Corporation. Plus the deal with AEI on April 22, 1999.
