CFV - Camphor Ventures Message Board

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Gold/Mining/Energy : CFV - Camphor Ventures

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To: .Trev who wrote (348)	9/9/1999 12:53:00 PM
From: paul centis	Read Replies (1) of 407

I believe your facts need to be clarified! Glenmore had the right to option up to 50% of the AK/CJ property from MPV! Glenmore decided on its own to option only 40% from MPV! As a result, Mpv was left with 60% of the property interest! Since MPV had a messy structure, it was decided that 10% be optioned to Camphor! Camphor contributed in both stock (to MR. Shatszco) and significant exploration expenditures in order to earn its interest! This was before a pipe was ever found! Also Paul Shatszco was named a director on Camphor's board, allowing him to benefit from options granted! At that time both companies were considered one with the 10% being a safegaurd to prevent MPV from being taken-over or management from being voted out! In other words Camphor paid more than fair value to earn its interest and also helped to protect MPV from losing control of their property! Now that Camphor wishes to receive fair payback from MPV the rules change! I repeat, all Camphor wanted was fair payback, (this could have been done by an independant evaluation)nothing more and nothing less! MPV has shown that they are the greedy bunch, not CFV! In the end justice will prevail, that I assure you! ,

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