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Gold/Mining/Energy : YBM Magnex Intl Sees Revenue Growth 30-35%/Yr In MagnetOp

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To: Mr Metals who wrote (205)6/29/1998 4:01:00 PM
From: Adrian du Plessis   of 314
 
Mr Metals and all, perhaps, as YBM director and First Marathon VP Robert Owen Mitchell says, it's "crystal clear". What is clear isn't crystal clear, but what isn't clear, well, that's crystal clear!

This past Saturday, June 27, Hungary's second biggest daily newspaper, Magyar Hirlap, published an article that quoted Gabor Varga, (identified in YBM Magnex documents as the company's "Vice President Magnetic Operations"), as saying that the Hungarian Customs Office and Tax office investigated Magnex Rt last year at the insistence of American authorities. According to Varga, no wrongdoing was uncovered. The existence, and nature, of this 1997 investigation has never been publicly disclosed by YBM Magnex.

This is a story that just grows more amazing with almost each new statement. With mutual funds holding so much of YBM's paper, the silence from institutional investors is revealing in its own way.

Wayne Deans has taken a stand, again. What will happen next?

Where are you Mr. Bogatin -- how about visiting SI again with some helpful explanations for the public?
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