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Gold/Mining/Energy : Northern Crown Mines (NCW-V)
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To: philv who wrote (339)3/13/2000 5:43:00 PM
From: David Carlson  Read Replies (1) of 349
 
Any comments on this?

Here is what NCW has done:
1) Converted management's debt to shares on March 2 valuing the shares at $0.07/share
2) Issued 675,000 options on March 9 at $0.10; and
3) Issued a press release on 13 March about a change of business. (and converted more debt to shares at under $0.06/share.

Over the same period, the price has gone from $0.10 to $0.32 (high of $0.38 today).

By my calculation, management has made about $1.5 million so far in less than two weeks.
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