Alloy Steel Inc. (fka AYSI)

[KlausVT]

Quote: (link below)

Word from Alloy Steel’s CEO
On 05.21.10, In Investing, Long positions, by David Pinsen

In the comment thread of a previous post on Alloy Steel International (OTC BB: AYSI) I mentioned that I had reached out to the company to ask if they could clarify the situation regarding their expansion. They had previously talked about building a third and fourth mill at their headquarters in Western Australia and had said the third mill was mostly completed, and then there was no mention of mills #3 and #4 in this week’s 8-K announcing the company’s planned manufacturing facility in Indonesia. After trying to reach the CEO, Gene Kostecki, again by phone last night, I got this response from him via e-mail today:

Hello David,

It has been decided by the board to put a lid on future expansion news regarding new mills. Suffice it to say we will meet any demand that will come Alloy’s way. As this may become useful information for our weld overlay brothers around the world we have no intention of giving away any information to any potential competitor that may use this knowledge to potentially hurt the interests of this company or our shareholders.

I believe the shareholders ought to focus on our yearly results.

Gene

http://steamcatapult.com/2010/05/21/word-from-alloy-steels-ceo/