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Gold/Mining/Energy : RECLAMATION MANAGEMENT (RMLL.O)
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To: KOLOS who wrote ()7/12/1999 10:42:00 PM
From: KOLOS   of 238
 
Just under 10 million shares traded today with a positive movement of only 2.5 cents. Still were going in the right direction. I was on the phone with the IR dep't of RMLL and I will summarize what I was told.
The halt that lasted a few weeks was only supposed to last a couple of days. There was some debt discovered that the company had before the Purdy's took over the company. That debt has now been paid. The otc decided to really look into the books of RMLL and after everything turned up alright lifted the halt and is now trading again. In the meantime those who knew about the investigation dumped their shares at .08 -.10 cents. But it was also a great opportunity for those who bought at those prices. Those who sold might still be skeptical and will probably wait till it hits the high teens before deciding to buy back their shares.
There is some heavy promotion of the company going on right now thus the volume today. There are some major news releases coming out that will definetely move the stock. I was told about 1 news release a week, just to update everyone on the progress of the company.
There's alot more happening presently and everything is falling into place. All I can say is check them out for yourselves. Call (604) 218 2612 and ask for Mike. I think in a few months this won't be a penny stock anymore.

KOLOS.
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