KERM'S KORNER Message Board

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Gold/Mining/Energy : KERM'S KORNER

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To: Bearcatbob who wrote (15182)	4/26/1999 11:33:00 AM
From: SofaSpud	Read Replies (2) of 15196

Bob / Probe Do you have any contacts at PRX? I'm with Graham -- I'm feeling pretty burned on this one. I thought I'd done a reasonable job on the dd, talked to the company, read reports, etc. But I missed something big time. All of a sudden the co. admits it's behind on payments to suppliers. By the time I heard the first rumours, the share price was less than 1/3 what I had paid. So I guess I'm not sure I trust either my ability to read between the lines, or the company to do proper disclosure. Tough to average down under those circumstances, IMHO. Unless you have some insider info. to provide reassurance.

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