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Gold/Mining/Energy : CAV - Cypango

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To: Ross Mickey who wrote (2)7/20/1996 1:22:00 AM
From: Mustafa Nazarali   of 15
 
Thanks for the number Ross. Unfortunately I had done my due diligence but was unaware that insiders had sold out prior. I had read about Cypango from various articles including the Financial Post, at which time the shares were trading around the $1.50 range. In addition, Chelikis had featured them in his Hot Stock's Flash. But the turning point that made me decide to invest in this company was Stockhouse and as I thought the market had reached rock bottom. I paid $2.10 for my shares. I still believe this company has potential even though I now expect to be holding the paper for at least a minimum of six months to one year after what has happened. This can change if they have good results to put out in the near future. I do believe they have good projects and some of them are joint ventures. Chelikis mentioned in some of his more recent news letters that this was one stock to watch for. He sure was right about Gallery and Fairmile. I know Stockhouse was pretty upset by Cypango's move and had voiced their concerns. But they still believe it is worth holding on to. What do you think? Have you spoken to the company lately or heard any other news? One thing is for sure: We must voice our opinion by telephoning them up!
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