Haddington HDN-ASX Message Board

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Gold/Mining/Energy : Haddington HDN-ASX

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To: Buckey who wrote (120)	8/10/1998 11:33:00 PM
From: Buckey	of 174

Recap of Prime equities and intercompany transactions. I really think this entire issue becomes one that has to be addressed as all the companies because they all fall under the same umbrella. So what do we have: - 14 companies - Little cash - No activity - Prime Equites - the parent company with lots of cash Here is another thing that has been really bothering me and I have not had time to research it fully: ( I was in bed and I got up to write this) - all 14 companies have securities as liquid assets on the balance sheets - the amounts seem odd - they seem high for the size of these companies - composition of these securities and transaction history not public info. My Hypothesis is that If I could find the detail for the securities of these 14 companies that I would find the following: 1. - that they own each other and that when needed one stock will be trade as part of the pump and then dumped. 2. - That this is not part of the insider trading reports because it does not have to be - ( I may be wrong here) Other questions - What non-arms length security transactions take place between the companies and especially between PQE and the companies and are those transactions at the current market prices???

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