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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C)

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To: Tommy D who wrote (2094)10/4/2000 11:00:48 PM
From: Keith Minler  Read Replies (1) of 2306
 
Hi Tommy; I think there are a few things missing, essentially STF put something like $516,000.00 into Bearcat for the balance of the deal I assume that they just issued paper to each other. Which means more pointless dilution!!

The real question is why? The two companies are one and the same for all intents and purposes. When the news release came out in July, I wondered how they managed to find investors for all this stock, now we wee that in reality they only placed half as much as they said, the balance being this shellgame just revealed. Again I assume that this was done to convince skeptics that there are rational investors willing to believe in this play.

This type of activity cannot be conducive to encouraging trust in a cynical market.

If I get a chance I'll call Pam tomorrow and see if there is another rational explanation.

In the meantime I think that I will leave my share certificates glued to the wall in the upstairs hall, I'd hate to get my hopes up too high; too soon; once again.

Later

Keith
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