ORI Omni Resources, TYG Trumpeter Yukon, AKA Arkona Res. Message Board

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Gold/Mining/Energy : ORI Omni Resources, TYG Trumpeter Yukon, AKA Arkona Res.

ORI 39.46

+0.4%

Oct 31 9:30 AM EDT

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To: CLK who wrote (435)	2/27/2000 12:36:00 PM
From: Al Cern	Read Replies (1) of 444

I'll start with the good news..... Now with the rest.... I haven't spoken to the co. in several months. What I know is from public documents. ORI is out of money. They won a partial victory in one lawsuit against TYG, however, collecting is not easy. I believe they are in continuing litigation. A principal of the group that was going to buy TYG has an option on TYG's ORI shares and an interest in TYG. Chaffee also owns a bundle of TYG by way of the BYG bankruptcy. Clearly, the TYG group is going to keep running at ORI and one day they will probably get it. Without a further infusion of capital, and the dilution of the TYG groups interest, I don't see anything different happening. Raising funds in this environment is problematic and would be highly dilutive so it is not an attractive alternative, although I'm not sure that giving up control to the TYG crowd is better. I may be misreading the intent of the TYG group, but I doubt that I am. The only positive thing is that they appear to be professionals that see potential in this area. Owning the shares of ORI puts them in the same boat as the rest of the ORI shareholders. As far as AKA goes, there doesn't appear to be a lot of interest in their property at present. Just to illustrate how much has changed, at one point AKA represented about 90% of my portfolio. Today it is about 1%. It has lost 90% of its value while my high tech holdings are up by over 1000%. Next year it might be the opposite, although I doubt it. I'm off for my annual two weeks in Vail on Friday, the skiing is great these days. Carpe Diem, Al Cern

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