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Gold/Mining/Energy : Mt. Tom Minerals V.MTK (was Westmount Res, WTM)

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To: Keiv who wrote (445)8/6/1999 5:20:00 PM
From: Leigh McBain  Read Replies (1) of 496
 
The original expectations were that we would have a good shot at approval by mid August. One of the documents the company was required to provide, to the VSE, was an independent valuation of Global Netertainment. This is used to validate the acquisition price and is all part and parcel of the overall proposal to the VSE. After reviewing the documentation supplied, the VSE requested additional supporting detail regarding the business plan and operational plans, along with additional current financial information. None of this is a problem to supply, but it does take time to complete, then there is still the continuation of review process, once it is in the hands of the exchange. It is unfortunate, but not that unusual.

Salut,
Leigh McBain
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