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Gold/Mining/Energy : Bema(Bgo) and Arizona Star
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To: Tom Cat who wrote (8167)10/30/1997 10:48:00 PM
From: piper murphy  Read Replies (1) of 10482
 
To Tom Cat:
From Piper Murphy:
This post is not completely for you, but I think there is a bit of
a misunderstanding about the mechanics of this transaction re:
valuations of the share allocation and who gets how much money. Basically,
the two Co.s have agreed to give up 25% each for X dollars. The allocations
then become internal as to how they are divided. My understanding is
that if you hold AZS shares, that you divide whatever came through
the door by about 40mm shares, and that's how much money you get,
and in the case of BGO you divide it by about 116mm, and that"'s yours

I do not claim to be any kind of an expert in these matters and I'm not
TS, although he is a friend, but I'm afaid that's the way it is, and
I'm a very long AZS

Regards, Piper
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