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Microcap & Penny Stocks : HGRM--Any Followers? -- Ignore unavailable to you. Want to Upgrade?

To: Leslie Tack who wrote (2677)	5/30/1999 7:40:00 PM
From: Ted M	Respond to of 3576

I tend to agree. I"m guessing that his independence, while maddening to us to whom he should be accountable, is the very trait that has enabled him to do some magnificent things, so perhaps it's a tradeoff that forever (it seems like) keeps us hopeful and guessing. Looking on the bright side, and this is questionabe, is that the negatives give us more upside potential on good news. Hopefully as time goes on we will grow fonder of him as we see evidence that he is a team player. It would seem that the ability to summon the resources to deliver 700 million holograms in a month would lend some credence to his ability to work as a team. Now, if he would only open up to us some more...patience, patience. Again, must remember the critical time in their history is right now. Perhaps the less said the better. I just wish he would say that. Oh yeah, he did in a press release. Maybe we must add trust, trust to patience patience. Sure is difficult. Ted

To: Leslie Tack who wrote (2677)	5/31/1999 11:09:00 AM
From: Bob Smith	Read Replies (1) \| Respond to of 3576

Lest we become too critical, remember Kevin has demonstrated the effort to communicate twice recently. Once to Jim and later to George. I'll include excerpts from both as a refresher: From Kevin to Jim. "On the Russian Contract. Seems Kevin and HGRM are meeting with all of the big wigs on this one.He mentioned that he has made a few trips to DC to meet Senators, the IMF, OPIC. In Russia he has met with the same level of people including the chairman of the Russian Bank guaranteeing the contract. He is expecting the first payment within the next 6 weeks. If not from Russia then from the Russian bank within 5 days. HGRM is working with OPIC in order to back the Russian Bank Guarantee and for financing the Spetsznak facility. The Spetsznak facility will be built in stages. First stage will be to provide the equipment to cut the large rolls of holograms down to smaller rolls (the bottleneck). The next step is to provide equipment to make the holograms and the last step is the lab to master their own holograms. The first stage should happen in 3 to 4 months. I asked Kevin about his confidence in the Russian Contract. He said that he is VERY confident in it. He felt that the contract would continue even if their was a change in the form of the Russian Government. Back when Primakov started taking over, the project was put on hold and continued after Primakov reviewed at it. The US Government also is very supportive of the contract. Production is up to 8 million holograms per day. The contract is in stages. First 300 million holograms, then 700 million holograms, then a billion every few months. The tax stamps are to be released to 20 states first, out of 80 something total states. I also asked about the sales force. Off the top of his head he thought there were more than 20 salespeople. 15 of them are active. He specifically mentioned Jacque Phillips, an experienced hologram salesman, who Kevin said is working out quite well. An inactive salesperson is someone who worked on a project that might currently be on hold or has been cancelled." From Kevin to George. " 1. Production for 601 program is ramping up. Work being done in several locations. (Forgot to ask about HGRM's relationship with American Bank Note. Wonder if we are outsourcing some of our work to them?? Bet we are.) 2. Progress is being made with JV partner, Spetszak. Be a couple of years before there is a plant in Russia. Personnel for that facility will be trained in U.S. prior to commencement of production there. 3. Audit just waiting for final sign off. Kevin's as exasperated as we are. 4. Expect first payment on 601 contract by end of June. 5. Has retained an undisclosed group to work on getting listed on NASDAQ. 6. May have a shareholders' meeting some time this year (in conjunction with getting listed). 7. Hoping to file for three more patents sometime soon. 8. Seventeen employees at hqs. Sales reps throughout the rest of the world are independent, commision sales people. 9. Expect the announcement of some significant new contracts this year. 10. Doesn't have any idea how many shareholders we have at this time because so many shares are held in street name."