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Gold/Mining/Energy : Hegco Canada Inc.
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To: okey who wrote (2124)2/28/2000 6:59:00 PM
From: READE SMITH  Read Replies (1) of 2316
 
A few points....and then I am through with you for the moment.

1)You admit that you didn't get to your broker in time to sell your shares this morning. Poor planning. We knew that you were holding at a loss all this time. That's why you are so angry and upset all the time. Don't worry. You'll have many other chances to sell. Lot's more good news is coming.

2)Yes, today's liquidity provided an opportunity for many like you to get out with a loss. Precisely my point. Thank you for making it again.

3)Following today you cannot make the point that the partnership rumours are unfounded. You can still make the point that reserves are questionable, (for MIssissippi at least). Very shortly you will not be able to make that assertion anymore.

4)While most of us would not agree that Hegco's production is a "joke", we would all agree that Hegco has been unable to produce on its own. Thus the need for a joint venture which acquires field expertise. As of today we have that. A good company realizes its weaknesses and overcomes them.

5) Renta and Elk POint do not have a fraction of Hecgo's reserves, (which of course you disregard). The question to ask is "what will Hegco be worth when it is producing 5000 boepd" and the reserve totals are factored in?

6)As far as the "full Monty" goes, I am certain that you are not naive enough to believe that our little posts and predictions have any influence whatsoever on the price of a stock. Surely you don't think so.

7)I ask again. At what stock price will you commit to departing our fair shores? Please let us know.

8) In case you haven't noticed, I have just left the room. You are now talking to yourself. Have fun.

p.s. Congrats to Doug Hewitt, Rodney and Mike for pulling this thing off. We look forward to hearing more about your/our progress.
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