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Gold/Mining/Energy : Barramundi Gold

BAM 54.37

+0.6%

Nov 3 3:59 PM EST

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To: wtfigo who wrote (65)	1/13/2000 4:45:00 PM
From: zebity	Read Replies (1) of 99

To ensure BAM price meltdown continues support .12 options.. Once more we are seeing an example of how BAM management is ensuring that BAM share price will never recover, by proposing to extends options to employees to Jan 31, 2000 with option price reduced from $0.20 to $0.12 This kind of knee jerk reaction to current market is only going to ensure that BAM price will remain in the doldrums. The more shares issued at rock bottom prices the easier it is to sell them off, which means that there is no upward pressure on the price. This move now ensures that every share holder who paid 0.20 are having their value flushed away by BAM management, just as the previous round of $1.00 investors have had happen. NICE move guys, you really are a bunch of morons! Your actions are so transparently cynical it is unbelieveable. Why doesn't BAM just issue a press release saying: ES & PN decide to issue themselves with some dirt cheap shares so they can quickly sell them to recover money invested im BAM, by shafting all other shareholders. Apologies for the strong language but sometimes enough is enough... The whole point of options is that employers and directors are accepting to take on risk in reward for greater return, on the premise that they do the hard work to ensure that return happen (so far all I see is wanting to have your cake and eat it too). >>>> News Snippet <<< Barramundi has also extended the expiry date for 365,200 Share Purchase Warrants held by an arms-length party from December 29, 1999 to January 31, 2000. The exercise price of these Warrants has also been reduced from $0.20 to $0.12. This extension and exercise price reduction has been approved by the Canadian Venture Capital Exchange subject to Barramundi obtaining shareholder approval. Barramundi has also issued 1 million employee options to Directors and employees to acquire Shares in Barramundi at an exercise price of $0.14 >>>> End of New Snippet <<<<<

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