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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: mabiba who wrote (26459)	10/17/2003 8:02:51 PM
From: Bernie Diamond	Read Replies (2) of 206084

mabiba: The 9/14/03 PGO ASA Prospectus states: 10/21/03: Confirmation Hearing at the US Bankruptcy Court 10/22/03 - 11/3/03: Offer Period for the Offering (subject to extension, but to expire no later than 6/30/2005) 11/5/03: Anticipated date for consummation of the Plan 11/6/03: Anticipated date of registration of the New Shares to Existing Shareholders pursuant to the Plan and the Offering on subscribing shareholders' accounts at the VPS As a wise dog once proclaimed, "Plan your trade and trade your plan". I know what I intend to do and have planned accordingly, even to selling odd lot shares of PGOGY in my various Brown & Co accounts, since it seems that fractional shares (after dividing by 129.18) are lost. As I previously stated, I was uncomfortable with Datek/Ameritrade being able to execute according to my wishes, so I sold all of shares of PGOGY in that account. That doesn't mean that Datek/Ameritrade won't execute your wishes in a timely manner. My comment about the "serious posters...are/will be selling their PGOGY before the rights offering expires..." was meant to indicate that some investors believe that the price of existing PGOGY shares will increase in value the closer we get to the final date to be eligible for inclusion in the rights offering. They wish to sell now and buy the newPGO shares at what they feel will be at a lower cost basis then by participating in the rights offering now. There will be a date when buying shares of existing PGOGY will NOT be eligible to participate in the rights offering. I don't know what that date will be. I didn't mean to indicate that "PGOGY might still be traded while the rights offering of new shares is ongoing." Sorry for the confusion. Good trading! Bernie

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