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Gold/Mining/Energy : An open letter to jr. gold investers by Ron Pitts 03/27/97
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To: Ron Pitts who wrote (106)3/30/1997 2:34:00 PM
From: LaFayette555   of 297
 
Ron,

The only sensible remark I can make here is a 'salting' fraud is a rare event that never goes on for a long period of time.

It's a 'pump and dump' affair : step 1 stock at 50›, step 2 salt core- stock at $10- dump stock, step 3 release of unsalted assays stock back at 50›.
Done this way, over a short period of time, it is possible for the salting crooks to walk away from the fraud.

On the other hand, to salt over a long period of time is suicidal for the fraud artist in that the stock will have attracted so much attention it will be impossible for the fraud artist to walk away.

Consequentely I do not belive someone 'salted' a stock from 50› to $280 over a period of a few years, it makes no sense. They would have cashed out a long time ago and stopped salting. IMO there is something more here that we are just starting to hint at.

IMO BXM should stay halted untill some sense is made out of this charade.
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