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Gold/Mining/Energy : Starpoint Gold

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To: Harold W. Davis who wrote (968)4/7/1997 1:09:00 PM
From: Mozingo   of 2378
 
Thanks guys for the advice. I've been in this one since mid last year so I've always been long. Initially saw today's action as a knee jerk to the VSE as usual. Was not aware that the financing had all but collapsed. Thought they were confident and only had to replace one bad investor like KRT did. Now it sounds as if they may lose the whole thing.

I cancelled my buy order anyway. Am thinking about calling the company for their spin on the situation. Anyone got the number?

Regards and thanks again for the rapid response.

Gary

PS Just called the company at 1-800-852-8885. They answered right away. I was surprised that their phones weren't ringing off the hook. Anyway, they indicated that there were difficulties in the financing and although they were hopeful, the possibility of losing Yetwene(sp?) was real. They are attempting to get an extension.

Here's hoping they can work it out.
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