Whitegold Resources Corp (WGO) Asset Rich, by any measure Message Board

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Gold/Mining/Energy : Whitegold Resources Corp (WGO) Asset Rich, by any measure

WGO 35.70

+3.1%

9:54 AM EST

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To: Herman Leusink who wrote (232)	11/25/1997 6:05:00 PM
From: robwin	Read Replies (2) of 378

Hermann, It would be difficult if not impossible for Allen to transfer any shares during the period before his BCSEC hearing. For one thing, he was an undischarged bankrupt for a long period of time. His shares and all his other assets would have been in the hands of his trustee in bankrupcty, held for the benefit of his creditors. Assuming these shares were duly vested in the trustee, Allen could not transfer or encumber them in any fashion. Also, any transfers of property to related persons (i.e. wife) in the 12 months directly preceding his bankrupcy would be void as well. I think it would be unwise to speculate as to Allen's present financial needs and resources. He may need to sell these shares nothithstanding the Company's future prospects. RT

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