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Gold/Mining/Energy : Biometric Security Corp (BMS.V)
BMS 57.250.0%Jun 28 5:00 PM EST

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To: Bobby Yellin who wrote (51)3/24/1997 7:14:00 PM
From: Chaz   of 181
 
To Bobby and everyone else

I spoke to the company today and found out quite a bit of interesting stuff.

First, the block purchase was NOT Loewen exercising their options but rather a large sell order that was overhanging the stock. The interesting thing though is that Loewen took the entire amount of shares. Do they know something we don't???

Second, drilling is well underway, with approximately 13 holes having been drilled. The first few holes were not that great in terms of mineralization, however, they have narrowed their targets and the last two holes that were drilled looked "very promising". They should come out with a news release very soon on this.

Third, they have made an aquisition of more property, but they wouldn't tell me more than its a great aquisition and the news will come out soon.

If anybody finds out anything else, please let us know.

Chaz
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