Whitegold Resources Corp (WGO) Asset Rich, by any measure Message Board

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Gold/Mining/Energy : Whitegold Resources Corp (WGO) Asset Rich, by any measure

WGO 38.04

+1.3%

Dec 4 3:59 PM EST

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To: Mikey who wrote (166)	8/22/1997 12:14:00 AM
From: Francis R. Biscan Jr.	of 378

>>None of those things seem very "happy"... anyone have any feedback on that?<< I have not seen the offering, but it sounds like a common offering. >> I thought we might have a minimum holding period (say 3-6 months) but a YEAR?<< 1 year is probably the most common hold peroid out there. >> My warrants would only be good for a year, so if the stock goes to 3.00 I can't even take my initial investment off the table for a YEAR<< I would expect that the exercise price of $0.60 is good for one year, then it jumps by 20% for another year. This is very common. >>And I can't then turn around and use proceeds to exercise the warrants (the warrants expire at the end of the year and I can't sell until the end of the year)...I have to dig deeper into my pocket. That will effect how many units I would purchase up front right now.<< I always like to have a position in free trading stock, so you can sell that to roll the options before the one year is up. Don't forget, everyone else is likely thinking the same thing, which will put pressure on the stock all at the same time. Rich

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