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Gold/Mining/Energy : BLACK HAWK (TSE:BHK)
BHK 9.540+0.2%Dec 2 4:00 PM EST

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To: gilbert leblanc who wrote (354)12/28/1999 10:21:00 PM
From: Stephen O   of 545
 
Jascan has lots of cash, close to $10,000,000 last time I looked. The Call options are a deadweight around BHKs neck. Standard bank wanted "PUT" protection and suggested they sell the "CALLS" to come up with the money to buy the "PUTS". I think Ogryzlo is paying the price of agreeing to this arrangement.
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