How nice, how nice. Now I have to say I have not been in a PP at BMD/BHMNF. Nor New Guy here that John has a thorn in his lionclawtoe. Roar like a lion and and send out the penmanship, I just hope no investot abandonsship, yes it doed rhyme; but the facts are facts and that is a piece of it. CHUM POT needs to be changed, bottom kingfisher needs lessons in yasirboss. What the Private Placement should of been sent out on the subscription page of the BottomFishing News Letter? I just don't get todays BMD news entry on CSW ( E Gads, again an editorial comment from the scales of justice at CSW ) (( Maybe now we see why BMD website took off the link I talked about here from CSW to that neat other Canadain site I serendipitiously talked about here in the prior posts!) Maybe note, for full contyext read several posts referring to the subject at hand- EDITORAL LICENSED IS HEREBT DECLARRED ABUSED BY ME! ) RE: CONTEXT OFF TOPIC READ - different with Birch- same Bug Up The Same Used To Be Good Sniffin NOSE for fish at Legal Size!:)They say I am good a take a step backwards SILILARITIES, much like great thinkers of the past us forward thinkers must re think the past in CONTEXT: I am sending in my $100 to Jay Taylor immediatly ! When I am rich enuff in THE FUTURE, I will send it in the the Bottom Fisher if i see proper context! RE::: New Claymore Resources Ltd - Kaiser raises eyebrow over New Claymore financing New Claymore Resources Ltd NCS Shares issued 4,165,775 2000-02-22 close $0.6 Wednesday Feb 23 2000 John Kaiser, writing in the Feb. 7 Bottom-Fish Action for the period Jan. 24 to Feb. 4, takes New Claymore Resources management to task over its Jan. 13 private placement of 400,000 units at 12 cents -- "an act that raises serious concerns about the credibility of management." New Claymore was one of Mr. Kaiser's favourite Alberta diamond stocks, having recommended it four times between November, 1994, and July, 1998, at prices ranging from 40 cents to $2.80. In the current report, Mr. Kaiser complains that when New Claymore's Tony Rich decided to do the 12-cent private placement, his company had a net realizable asset value of 29 cents a share, and that does not include the junior's remaining Alberta diamond play holdings. Another concern is the company's lack of disclosure over its $374,927 in marketable securities (book value). The letter writer complains that neither the annual report nor quarterly financials indicate what these securities comprise. "Management might counter that New Claymore stock was languishing at $0.15, but that has more to do with management incompetence and poor disclosure policies than market circumstances," he says. canada-stockwatch.com Chucka- NO TALK OF this stuff at BIRCH, just this: Birch Mountain Resources Ltd - Kaiser steamed over Birch Mountain financing Birch Mountain Resources Ltd BMD Shares issued 30,733,825 2000-02-23 close $2.85 Thursday Feb 24 2000 John Kaiser, writing in the Feb. 21 Bottom-Fish Action for the period Feb. 7 to Feb. 11, says Birch Mountain closed a private placement of 2,345,691 units at $1.15 that the company was working on since Nov. 8, when it applied to the Alberta Stock Exchange. Mr. Kaiser recommended the stock in December, 1998, at 30 cents, and did not comment on it until last month, in spite of its stellar gains throughout the year. It now trades at $2.70. In the current report, Mr. Kaiser complains that Birch Mountain did not make any prior public disclosures that it had fixed the price for a private placement of this scale. The letter writer spends most of his report using Birch Mountain's secretive private placement to complain about the shortcomings in the Canadian Venture Exchange's disclosure rules. "This secret private placement rule is an abonimation because it allows brokers and insiders to fix the price of a financing, promote the stock higher, and blow off paper to raise funds they can reinvest for paper at much cheaper prices," he writes. In the end, the public gets screwed, Mr. Kaiser says. canada-stockwatch.com Chucaupt2 ( always!) HERE is a nice PR all upbeat! ragingbull.com My New Website With Current SEC Disclosures:
home.earthlink.net also visit CCI: Ask to go on E Mail List cci@vcnet.com brokerrelations.com Chuck Marshall...Opps I almost fogot: auctionbuy.com auctionbuy.com (( READ MY LIPS...NO MORE NEW TAXES, NEGATIVE CAMPAIGNS and SHAKINGOUT THE WEAKHANDS! )) Poli Sci 202 (( Sudden Impact Anology notintentioal.)) Clint Eastwood101 ragingbull.com What is the real Paper MILL, a news letter or Capitalization Dollars for S/H growth valuations!? |