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Gold/Mining/Energy : BANDORE
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To: Rick G. who wrote (480)4/24/1997 10:43:00 PM
From: F. Evans   of 1692
 
I have been following your thread with interest and now I must tell you what happened to me. Last year avery respectable professional person told me that he knew the inside people of Bandore and that I should be some stock. He had loaded up at about $ 2.00 I should too. I bought some other stock (LOO:VSE) that had diamond potential. My partner in busness was interested but said he would wait and see !!

When BAN went to $ 4.00 and then to $ 8.00 my partner thought he should jump on the bandwagon. When he heard it was going on the TSE he asked me for advice and I told him that I heard that by Christmas of 1996 it would be $ 24.00 or a doublel from the current $ 12.00. He promply mortgaged his house and bought 25,000 shared at average of
$ 10.00. He thought his quarter million would be half a million by Christmas. What a present. When it stated to fluctuate and drop below $ 10.00 he siad he would hang in there. As he began to be in a loss position he was afraid to realize those losses and waited and waited. Each lower level made him less reluctant to realize bigger losses. He was stuck and devastated. He still is waiting for the recovery. His value is now less than 100 G instead of 250 G. His loss is almost his house.

The sickest part of this story is that my so called hot tip friend who knew the inside big boys had all along sold out his position in the fall after the TSE listing at about $ 12.00 becasue he was advised that their were selling their positions for a profit to shake out all the little guys and then pick up the stock back at $ 2.00 in the summer. He kept saying to hang in there.

Maybe that explains the games that Wayne and his insiders play with the news for the ousiders. They will alwys win because they hold all the cards. The OSC can do nothing about it. It is the nature of the beast.

Sorry to hear about your loss but look at LOO.V now at 25 cents and see what happens in 1 - 2 weeks. Good luck !
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