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Gold/Mining/Energy : ORXX - Orex Gold Mines Corporation

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To: Ga Bard who wrote (216)8/5/1999 2:08:00 PM
From: Jeffrey S. Mitchell  Read Replies (1) of 2392
 
Re: Who is Tim Makhmoudov?

First of all, Tim is one of the most prolific spammers to ever have joined SI. I do give him credit; he always used variations of his name (see #reply-9022518).

Second, Tim is linked to MTEI, a mining company shut down by the SEC for claiming land they owned was worth a whopping $200M. In fact, all they really possessed was worthless tax lien tickets (see #reply-6226424).

Note that Tim was spamming HABE during April. Now check the chart. Notice the huge spike in April? quote.yahoo.com

You mentioned ORXX was trying to cancel shares given to a promoter. Do you know who this promoter is?

FYI, here's the full Makhmoudov-Hemedinger interview. If, as you were told, Hemedinger did not authorize it, what do you think Makhmoudov's motivation was for posting it?

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Subject: BB:HABE - Interview with Warren Hemedinger!
Date: 1999/03/27
Author: Makhmoudov <makhmoudov@aol.com>
Posting History

BB:HABE - Up 700% in last 7 sessions!

Another very strong day today, we are up more than 700% on BB:HABE in past 7 sessions, BB:OREX is up 220%. People are grabbing their shares of rapidly increasing pie as quick as they can. I believe that this is just a beginning. I am actually raising my personal estimate on BB:HABE from $1.50 to $3.00/share minimum in 10 weeks.

Since people had a lot of questions about OREX and its plans, I flew down to Miami for one day on Friday. I had a very productive five-hour meeting with Mr. Warren Hemedinger (president of OREX). Below you will find exerts from my interview with him.

Tim Makhmoudov (T.M.): "Hi Warren, please tell me a bit about yourself and your background."

Warren Hemedinger (W.H.): "Hello Tim. I am 34. We moved to Florida in early 80's. From 1983 to 1997 I was managing company called Medical Arts Training Center (MATC) located in Florida. We had a stuff of 45, and about a thousand students. My responsibilities included: managing staff, marketing, public relations and most day-to-day operations of the company. MATC was very successful, its sales went from $300,000/year to over $5,000,000/year just in last few years. The company was sold to a large institution in 1997. In 1998 I founded and served as a Director of the Traders Research Corp."

T.M.: "Warren, now you are a president of OREX. Please tell me a little more about the company."

W.H.: "We have two office locations: a 4,000 square foot office in Coral Gables, and a luxurious penthouse nearby, where we conduct most of our meetings with clients."

T.M.: "What about the staff?"

W.H.: "We have assembled a strong group of directors, technical experts, investors, attorneys and outside consultants. Working as a team allows us to achieve our goals promptly. To keep up with the promotion we just hired another three PR guys."

T.M. "What attorney firm did you hire?"

W.H.: "Its called Atlas Perlman Trop and Brokson. They have a team of attorneys experienced in mergers, acquisitions, stock transfers and any other services we may require."

T.M. "Tell me a little about the ORXX stock."

W.H. "There are only around 5.3 millions shares issued and outstanding. Most of that is distributed between current and previous directors of the company. Furthermore, we believe there are only around 200,000 shares are in public float. According to our calculations, there is also very little selling pressure (around 10,000 shares)."

T.M. "That's amazing! By the way, how are you doing on your private offering?"

W.H. "We have almost completed our 1,000,000 share private offering. We have sold 825,000 shares out of the million for a total of $825,000.00. The remainder of 175,000 shares should be sold by April 9 or sooner."

T.M. "So, once you are done with the offering you will start looking at the properties?"

W.H.: "Exactly."

T.M.: "Please describe the properties you are looking at."

W.H.: "We are considering four properties: two in Arizona, one in New Mexico and one in Colorado. They have different types of ore and vary in size from 4 to 400 acres."

T.M. "Once you purchase and start working on the first property, will you purchase another one, and when?"

W.H. "We are planning to buy a second property within 90 days after the purchase of the first one. We would like to prove that HGP is working for any kind of ore."

T.M. "I see. Are you in negotiations with any institutions right now?"

W.H. "Absolutely. As a matter of fact we would like to do a secondary when the stock gets to $12-$20 range. We then can start selling another million shares at those prices. Once we accomplish that we can acquire properties at a very rapid pace."

T.M. "It is been great pleasure meeting you, Warren!"

W.H. "I appreciate you coming here, Tim."


While we were driving back to the airport, Warren received a call from an associate. Apparently, Vancouver Stock Exchange wants to add ORXX to their exchange! That should generate additional buying into OREX. There is a lot of gold-mining interest in Canada. Warren also mentioned that he is in negotiations with ESDAQ - Belgium stock exchange. If that succeeds, we should see even more action. It seemed to me like OREX is very busy, since both Warren and I were on our cell phones every ten minutes.

Overall, from all my communications with Warren and his crew by phone, fax, email or the meeting, I get an impression that I am dealing with serious, professional and "aggressive" if you will people, who know how to put together a successful company quickly.

Haber will definitely benefit from all the developments from OREX. I especially anticipate 1,000,000 shares of ORXX when they start production on the first property (probably in Arizona). At that time, with higher ORXX price it will be a very large injection into Haber's assets.

Tim Makhmoudov
Shareholder.

x38.deja.com[ST_cam=search.yahoo.none.slot]/getdoc.xp?AN=459793398&CONTEXT=933868394.1172242497&hitnum=1

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- Jeff
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