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Gold/Mining/Energy : Amalgamated Explorations (AXPL) thread 2

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To: MCorbley who wrote (99)5/8/1997 12:01:00 PM
From: Jeff Williams   of 269
 
Mike:

I do not know the answer to your question which is a good one. I
suggest you call the IR guy, Jon Vaux at (888)999-8787 and see if
you can find out. Please let us know if you do. I would doubt
there has been any insider selling in this issue, as the principals
hit a gas well last year that gave them a pretty good return on their
investment according to Jon. If there was any selling, I would take
it as a very large NEGATIVE.

Regarding the earlier post as to financials. Jon told me they did not
have any audited financials at this time, but they had $1 million in
the bank for operating capital which he assumed was sufficient to get
them to a positive cash flow.

Regards,

Jeff Williams
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