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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM

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To: Richard Mazzarella who wrote (9032)11/17/1999 6:27:00 AM
From: bconard  Read Replies (1) of 11603
 
Richard,

Two problems with bailing before hand.
1) We haven't yet rx'ed our shares and warrants.
2) (From Chairman's Message) The WindStar common shares held by Maxam are restricted shares and when transferred to Maxam shareholders must be held for one year prior to being freely traded.

I'm not sure, but I think that the selling of the company to another group might change the one year holding period. Do you (or Bob W) have any thoughts/ideas/knowledge on this?

After seeing the action Tuesday, I guess that we can pretty much right off my idea that they were setting a base for the sale price. Four trades, 1.50, 1.00, 1.50 and then close at 1.00. Maybe the new company sells roller costers. :<)

Well since I can't do anything with my shares anyway, I'll just sit back and watch. It's better than grass growing.

Bob
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