SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : ORI Omni Resources, TYG Trumpeter Yukon, AKA Arkona Res.
ORI 39.35-0.3%9:30 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: CLK who wrote (374)7/10/1998 1:31:00 PM
From: Al Cern   of 444
 
CLK,

They could get mad at themselves I suppose. After all BYG owns a controlling interest in TYG, with help of those beautiful multiple voting shares of course. Given that the boards of TYG must have approved the "loan" of funds to BYG, they are the ones that should be taken to task. After all, a loan at no interest with no security, and probably no maturity, to a co. as shaky as BYG, is not exactly in the best interests of TYG shareholders.

Even though the price of TYG shares relative to ORI or AKA is really attractive right now, I wouldn't touch it until I knew with some certainty that BYG would not be in control in the future. BYG is probably on the prowl for more money, so their survival is still in question. It will be interesting to see if the purchasers of the last tranche are willing to put in more. When the price hits a penny I will be a buyer.

Sincerely,

Al Cern
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext