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Management
Jerry A. Minni is chairman, president, & CEO. He was one of the
founding partners of the accounting firm of Minni, Bella, & Co.,
Certified General Accountants, in Vancouver. He has 17 years experience
in business investments, corporate reorganization, finance, & funding
of young businesses. .... Wendell R. Davis is CFO & COO. He was
controller of Pillar Corp., & has extensive experience in technology
based operations, business development, & finance, including 10
years with American Can (Ed. Note: I started my career in American
Can in 1948). .... James P. Ringo is VP, Antimicrobial Division.
He was VP operations for Bio-Cide International with extensive experience
in research, development, product application development, regulatory
affairs, program management, & technical expertise in the chemical
manufactur-ing & marketing industry.
Financial Status (10/31/98)
Current Assets: C$3,222,961
Total Assets: C$8,823,120
Current Liabilities: C$1,411,571
Long Term Debt: C$1,234,000
Shareholders Equity: C$6,177,549
Revenue (Yr ended 10/31/98): C$7,473,696
Operating Loss: (C$42,175)
Non-Recurring Items:* (C$1,407,910)
Net Loss: (C$1,450,085)
* Includes restructuring costs,moving expenses, & development
costs written off with respect to projects abandoned.
Recommendation
I recommend Raytec for long-term appreciation. With worldwide
attention being given to food related illnesses, the demand for
solutions is high. Raytec has developed an efficient system for
responding to this serious problem, while at the same time reducing
shrinkage & increasing profitability. Here are some other things
I like:
- Technology is in place & new applications forthcoming
- Highly experienced management & technicians
- Huge market potential
- Growing revenues
Contact
Call Ron Birch or Luc Lesage at 800-533-6663, fax 604-683-4499,
write 1104 - 750 West Pender St., Vancouver, B.C., Canada V6C 2T8,
or e-mail: rbirch@idmail.com or llesage@i-dmail.com www.raytec-capital.com
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Important
Strategies
These comments apply to every situation mentioned in Conserva-tive
Speculator. Special situation, low-priced, micro-cap, & high-gain-potential
stocks have high risk. Fortunately, not many speculative situations
turn out to be disasters, but some do -- that is a risk you must
accept. "Winning Investment Strategies," my 60-page guide to speculative
investing, is made available to every regular CS subscriber. Stated
extremely briefly, here are three of my most important strategies:
1. Be prudent -- the total funds allocated to speculative stocks
should be limited to a small percentage of your cash, certainly
no more than you could lose without discomfort. I then suggest no
more than 5% of that small portion be invested in any one stock,
to spread your risk.
2. Do not accept my opinion as the reason to invest. Call the
company. Get a feel yourself. If you are not totally comfortable,
pass. I give you an ample number of possibilities. My task is to
expose you to potentially profitable situations. You have the responsibility
of making any investment decision. Do not give up that responsibility.
3. Since in a monthly newsletter it is not possible to tell you
when to sell, apply a moving stop-loss strategy. If the price goes
up, raise your stop-loss guideline point to something like 20% below
the new price. Keep doing that as the price rises. If the price
goes down to your stop-loss point, grit your teeth & sell. This
limits loss, but lets profits increase.
Update Briefs
These are capsule updates on previously recommended companies
that provided us with substantive news during the past month. I
also include updates on some Sneak Previews where our investigation
has resulted in additional pertinent information. I do not have
room for all details, but always include the company's phone number
so you can follow through.
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