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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: DESERTDIRT who wrote (11202)9/29/2007 1:21:27 PM
From: d:oug  Read Replies (1) of 11603
 
"... unwilling to allow Maxam to decay into Chapter 7/11."

Let me expand on the above statement I made in my prior post.

Maxam prior to recent news release suggested a bankruptcy filling forthwith.

If true, then my speculation in,
Message 23392506
might become a fact of truth rather than my imagination of a "what if."

This person you referenced: "call Richard Steeves and ask some questions"

This person's lack of communication to shareholders might suggest complicity.

ok, here is a copy & paste of above post.

[start.]

Lets do (imagine) the follow story-line...

XCENTIA tells Maxam they can not get metals out of the flyash,
not enough or the right types to make Maxam's process viable.

But XCENTIA was able to get the quanity and types out of the flyash.

XCENTIA lied.

Why?

Simple. "Its the nature of criminal stupid."

The story continues in the future as Maxam Inc goes under,
bankrupty
ch 11
and and
surprise surprise
XCENTIA buys from the court for near zero cash the Maxam rights,
and and
double surprise surprise
XCENTIA is now able to get the quanity and types out of the flyash.

Moral of this story is that the officers of Maxam put into place NO safeguards
to protect shareholders interest, and they should have and not to was criminal.

Doug

[stop.]
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