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Gold/Mining/Energy : Pacific Galleon Resources

PFC 28.04

0.0%

Mar 3 4:00 PM EST

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To: John Korven who wrote (413)	11/28/1997 10:44:00 PM
From: gtr	Read Replies (1) of 443

From looking at past trades I have figured out that insiders are using Georgia Pacific and Midland to make their trades. I don't know if they are also using others, they may very well be. I do know that all the selling pressure is from Yorkton. Everytime it seems that the stock can't get any lower, Yorkton comes in and dumps a couple hundred thousand shares a cent lower then before. If insiders are working through Yorkton to sell shares then we are in serious trouble. If not though, I have a feeling that maybe they are just sitting back buying these shares up for next to nothing. The could easily buy 5 or 6 million shares for about $250,000. If this is happening, over time they could accumulate enough shares to totally have control of the company. Enough control anyway to move the price to what ever level they want. Who knows what is going on? Granted, it does not look good. No one really knows what is going on. Insiders could be trading shares from one account to the next just to drive the price down, in accounts that aren't even in their name. Then when someone finally gets fed up and sells at .02 or .03 cents. They nab it up. Who knows? At .02 or .03 cents it is worth doubling your position just in case it takes a little run up to .10 or .11. Who knows? We will just have to wait and see. At this point they are in control, we are just puppets. GTR

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