ORXX - Orex Gold Mines Corporation Message Board

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

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To: Ga Bard who wrote (1656)	9/3/1999 10:31:00 PM
From: Chuca Marsh	Read Replies (1) of 2392

Have any more specifics on this: <<..Please note the Haber deal was done prior to Orex issuing stock to go acquire the shell of MMDL this has been twisted however, there are two articles dated Feb 22, 1999 & March 1, 1999 which the last is 9 days prior to Orex going public which verify this ? Orex did not announce anything until March 24, 1999 20 days after going public? Message 11102814 also Message 11102919 Orex apparently has the funds to operate this business. How I do not know for sure ... probably private investors money, 504 or private placements, etc. ? Yep it was a 504 for approx. 300K of stock ...>> Is there a form of this that is ten bag upper limit increasable so that 300K stock could be 3,000,000 stock under the Reg S rules? approx. is not good enough when there is a masive stock drop. I will search under Regulation 504 to see if this clause is in it: ( as is in REG S ): as the price HAD fallen so is this clause upping the 300K to 3Mill...ie a Ten fold based upon a tim when there was a ten fold drop, or if written in such a term a ratio between the $6 and CENTS- 13 so I ask, is proper due dilly ever enough? READ: <<..Many companies are prepared to give price protection to the purchaser so that should the price decrease during the holding period then the company will issue more shares so that the investor will not suffer a loss due to a decrease in the share price during the holding period. There are many companies prepare to make Reg. S offerings requiring various amounts of investment for various lock up periods. It is therefore possible to use the same investment capital two to four time per year and turn a 15% discount on each investment into a 40-50% rate of return without taking undue risk. ..>> Chucka

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