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Gold/Mining/Energy : Avenor (avr-tse) - Repap buyout (rpp-tse)
AVR 4.380-3.4%Nov 3 3:59 PM EST
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To: wesley vandenhazel who wrote ()7/16/1997 4:51:00 PM
From: tk   of 290
 
GEORGE PETTY SHOULD RESIGN!!!!

In order for Repap to continue George Petty must resign. It is because of his incompentence and selfishness that this stock is now a penny stock. He does not carry the respect he once had, someone who would invest in Alcell, (Repaps biggest mistake), does not have analysts or investors confidence. Back in December when all this began, George should have taken a deal that was not subject to a vote, not a deal that would maximize his wealth. Also, in the recent days after the sale announcement, he has let the stock slide even furhter due to lack of information, there has been no information for shareholders who want to know how much debt remains, what became of the tax credits which are supposely valued at $2.50 a share etc. Current and future investors should also be careful when they average down. This stock is now a high profile penny stock and it share price has been manipulated. The 2 million share block trade that occurred the day before the sale was announced was very suspious, it is also very odd that the share price shot up to a high of .70 the day after the sales were announced. I beleive that the shares were driven up by the same person or persons, therefore creating a artificial market, Once the shares reached .70 the stock began to free fall since this person began to unload all his shares. By doing this I beleive that this person profited about $200-$300 thousand. Overall, I would like to thank everyone who has read this and previous posts and put up with my complaining. Thank You.
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