Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: marcos who wrote (956)	12/18/2001 7:33:12 PM
From: russwinter	Read Replies (1) of 39344

Keep in mind that the two vendors Butler and Sococo (at least according to the public release) were handed about 17 million shares in stock (22% of the outstanding) in return for accounts payable relief of US$ 3 million. That's 26 cents per share. They can't be happy with this turn of events whereby these RC pirates (or their cronies) come in with a 5 cent PP (US $ 1.265 million) for 34% of the company, quickly diluting their 17 million shares down to 15%, selling at half a dime (little over US$500K). This situation isn't over yet, but what's missing is the operational status. These vendors would know however. I think I'll call them. Sounds like a good shareholder right's project.

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