To: CIMA who wrote (415 ) 6/5/1999 9:50:00 PM From: Jim Bishop Respond to of 942
Check the MACD. It might pull back slightly Monday without news, but it looks good to me.bigcharts.com Just found another article, from last July, but......utilitywatch.com Maslow, someone else mentioned Projectavison, but no one has spelled out what their problem with him is, or could be. <<Marvin Maslow, President, CEO, Manhattan Scientifics, Inc. Marvin Maslow pursues an investment strategy that is best described as guerrilla entrepreneurship. The traditional entrepreneurial path usually wanders through a maze involving meticulous study of business plans, analysis of balance sheets, investigation of profit potential, followed by protracted negotiations with the company seeking funding. By then the fledgling company may have gone belly up for lack of capital to continue its project. Maslow cuts to the chase. Does the company have a high-potential product or technology? More important, what are the people like? Maslow invests in people because he believes it is the perseverance, creativity and vision of people that will advance a product or technology to its full potential. However, Maslow's 'just do it' style is tempered with an extensive business background and a clear vision of future application of the technology. As a merchant banker he founded and managed 12 successful enterprises. Later, Maslow was the principal in a private investment company and placed substantial capital in privately held, emerging growth companies. His responsibilities involved managing these investments as well as the growth and direction of their attendant organizations as the companies matured. In 1988 Maslow co-founded Projectavision, Inc. to develop and market a leading edge video projection technology. He organized the Company's management team and raised initial seed capital for Projectavision of $1 million. He then organized a Wall Street initial public offering of Projectavision (Nasdaq: PJTV) and raised over $4.2 million in working capital for the Company. Between 1992 and 1997 Projectavision's requirements for R&D capital expanded as the Company prepared for the manufacture of its first Digital Home Theaterâ„¢ product in an alliance with Texas Instruments (NYSE:TXN). Maslow arranged numerous private placements of the Company's equity in Europe, the Pacific Rim, Canada and the U.S., raising over $40.0 million in permanent capital from institutional investors, money managers and banks. Maslow remained CEO of Projectavision until October 1996. In order to devote more time to the business development of emerging technologies, he selected Martin J. Holleran, the Company's president, and former president of Thompson/RCA, to be his successor. Currently, Maslow serves as the Chairman of the Board of Projectavision. In addition, he is President and CEO of the newly formed Manhattan Scientifics, Inc. (OTC Bulletin Board: MHTX), a technology incubator he established in Los Alamos, New Mexico. Manhattan Scientifics, Inc. has two operating units, Tamarack Storage Devices involved in the research and commercialization of holographic data storage technology, and Energy Related Devices that is developing patented miniature fuel cell technology suitable for portable electronics.