ORXX - Orex Gold Mines Corporation Message Board

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

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To: Zeev Hed who wrote (1004)	8/28/1999 10:19:00 AM
From: Ga Bard	Read Replies (2) of 2392

Morning Zeev, if I wanted "fair market value" I would not be in the OTC ... these are start up companies. They have no fair market value. That is why the shorters (Short & Distort) not to mention the (Pump & Dump) love this arena and the fair market value is there motive for what they do ... This is also why people like Chuck write touts for P&D promoters to give a false illusion to artifical projections of the fair market value... You know all this as do most of us. Is it at the fair market value ... probably but my question is how it got here. I know Some are off on some tangent but it did not get threads on it till May and it was already at $6.50 ... I have gone back and read and MMDL was not trading on the Electronic BB it was on the pink sheets. Even the trading shows that in my post Message 11092894 Orex did not even come to the electronic till March 8 and did not get a MM to spnsor it with a 15c211 until March 11, 1999 and it traded small volumes to the 6 - 7 dollar range over a 2 month period before the threads got opened. I can find no pump at all. ALso the share count I got for the first time On July 29, 1999 and Warren was stating 1.5m in the float. Well he was right and wrong. 18M were in cert form and 1.5M in street name ... so the float was 18M but the free trading was 1.6M and it remained that way till just recently. Government B/W documents and reports show it clearly. Also most of the stock was tied up in escrow and not release until July 23, 1999. The increase of 1.4M share to the OS was for a third party Mining company that performed the DD on for Orex. I guess they chose the stock instead of the cash. Because when the OS went up 1.4M I asked ... ALso about 300K is coming out the end of this month for a 504 that was done at a dollar back in the spring. No one got shares cheaper than that because Orex started trading at 1.75 which was the lowest on the chart when a MM came up to quote after being approved for the electronic BB. This twisting of MMDL from .125 to $7.00 is nonsense. MMDL was .125 on the pink sheets and after it got approved by the NASD the MM could make a quote and that was 1.75 bid .. so there is no PUMP from .125 to 1.75 and it took 2 months to get from 1.72 to to $7.50. At 6.50 RB opened up a message board and @ 7.50 this one opened up. There was no massive e-mail I can find or anything. So I will wait this one out... :-) GB

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