|Moderated By: Steven Durrington -- (Not Moderated) -- Started: 10/31/1997 10:39:00 AM Revision History|
Coconino SMA, Inc. (OTC BB:CSMA) is a small company with quite good
growth potential. It is the parent company for 4 subsidiaries :
* Coconino Oil and Gas
* LPS Ltd
EnviroTec manages a class II disposal well in Utah. It is currently
profitable charging between $0.40 and $0.70 per barrel. At the time of writing this, CSMA is in the process of applying for an upgrade of the well to class V. This will enable disposal of different types of
hazardous waste, and also result in an increase in the charge per barrel from current levels to the $16.80 to $29.40 range. If approval goes ahead from the EPA and Utah state authorities, the disposal well has to have some reworking done before commencing Class V operations, but this will not be a significant cost in relation to the expected
increased revenues. The current production of waste in the area around
the disposal well significantly exceeds the available disposal facilities and there are no class V wells for a significant radius. References can be found at:
CO&G has recently acquired new properties for development and sold
unprofitable and/or unworkable ones. It is working in conjunction with
Michael Pickens of M3 Research to acquire and develop more properties, and recently purchased a gas field in Texas which is expected to be profitable in the near future, as little reworking has to be done. As part of the Uinta property sale, CSMA also retains shares in the company ERHC. Additionally, a new class V hazardous waste disposal well may be created from a depleted oil well on on of the new properties. References can be found at:
AdHatters manufactures a range of air fresheners with unique
presentation including cowboy boots and native american indian artifacts. This subsidiary has received very positive feedback at trade shows, and is expanding its market share by entering into
distribution agreements with major retailers. References can be found
LPS is the financial services subsidiary of CSMA. It offers an increasingly diverse range of products to a growing clientele, and is fully expected to show significant growth and profit in the near future. It is headed by Mr David Beynon, who has considerable experience in the financial industry. References can be found at:
CSMA plans to become a reporting company in the near future, in
accordance with the new requirements for electronic Bulletin Board listing. CSMA is also seeking a NASDAQ small cap listing for the company. This will raise the profile of the company within the
investment community and reduce the volatility that has been witnessed
in the last several months. A $4 share price is required for initial NASDAQ listing. All other NASDAQ listing requirements have been met.
**Merger news: biz.yahoo.com
The management of CSMA are enthusiastic about its future developments,
as are the shareholders. The company has seen a turnaround towards profitability, after discarding unprofitable elements and entering into high demand industries. It was the victim of a concerted shorting campaign after minor losses last financial year. However, in recent
weeks, the price has stabilized, after a period of volatility and every indication is that this small company is poised for significant growth in the near future.
This post is a summary of recent events, current from 4th January, 1998. The original post for this thread was started under the heading of "CSMA @$0.30 - A Short Squeeze in Effect" by an individual named Franco. It was the opinion of many participants on the thread that a more current and less sensationalistic opening discussion of the company should be posted to give potential investors a balanced point of view.
Good luck with your investment in CSMA, and welcome to the CSMA
discussion thread. There are many people here who post informative and intelligent information for the benefit of others. We hope that you find it beneficial, and we look forward to any input that you
This header was compiled by Steven Durrington and was not sanctioned or authorized by CSMA. This header was updated partially on 7-20-98 by KZAP.
For further information, please contact:
Mike Millis, Investor Relations
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