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Gold/Mining/Energy : Erin Ventures EV.ASE
EV 21.85+0.3%Apr 17 5:00 PM EST
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To: AH who wrote (487)11/15/2001 4:43:32 PM
From: Lamont  Read Replies (1) of 523
 
This is a better settlement for Erin Ventures. They have only diluted shares by 2 million instead of 2.5 million. They also raised $450,000 instead of just extinguishing debt of $400,000.

Also, my guess is that insiders subscribed to this PP and set themselves up for a stock price increase instead of giving it to the creditor.

I wonder who wanted the Oct 23 deal scrapped.

Lamont
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