Maxam Gold Corp. OBB:MXAM Message Board

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

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To: Chuca Marsh who wrote (9056)	11/20/1999 12:00:00 PM
From: R F B, Jr.	Read Replies (2) of 11603

Chuca: i could be wrong (as usual)but it appears to me that holders of mxam on 10/1/98 receive 1 share of wsri for each share of mxam as well as 1 warrant for each 160 shares of mxam held. these holders are the only ones who benefit so far from this news of the recently sent-out dividends. unless mxam retained shares in turtle mountain/wsri then other stockholders (mxam) would not benefit. it would appear that this is the case otherwise the stock price of mxam should reflect the current shareprice of wsri in some way shape or form. this last bit of news gives no one incentive to purchase mxam as nothing has changed except for the holders of 10/1/98 and that still remains to be seen. post if one receives said documents. in browsing over 10Q report in edgar on wsri it again appears to me that the company intends on moving away from mining and would like to be purchased by a private company who would then be issued a majority of shares and would dilute current shareholders. Another CHIP in the making. still seems like a bunch of hogwash to me.

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