Pacific Rim Mining V.PFG Message Board

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Gold/Mining/Energy : Pacific Rim Mining V.PFG

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To: Elizabeth Andrews who wrote (14491)	1/11/2002 10:49:29 AM
From: Bill Jackson	Read Replies (1) of 14627

Eliizabeth, At the end of the day all DAY SH will get PFG shares for their DAY shares. That means PFG will be the surviving company. At the next AGM they aggregate of all SH will rule. One would expect that PFG SH friendly to CMS and Shrake will then make up a block of about 15% of the final aggregate. That leaves the DAY control block to weight in....if there is such a control block. If the DAY shares are widely held then the usual large number who do not bother to send in proxies will automatically go to management under a rule. Now it then all hinges on the existence of any significant control block in the DAY sh group. If there is such a block and it is big enough to outvote the automatic voyes for CMS it will be possible for DAY SH to take over the board. At this time I think this is unlikely and I expect that PFG will rule the new board. Since DAY knew this going in, I am sure they are happy with this. ANyone looked at the SEC files on DAY? Bill

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