ASHTON MINING OF CANADA (ACA) Message Board

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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)

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To: Bob Hack who wrote (3076)	12/3/1997 11:05:00 AM
From: Famularo	Read Replies (1) of 7966

>>> On another topic, it may be in ACA's principle shareholders interest to keep prices down. Why, because they raise additional financing by way of private placement with themselves. The lower the share price is when they do this, the more "percentage" equity they are getting in the company for a given dollar invested. No one would ever admit to this, I'm sure, but just plot the PP's on the chart and see where they land vis a vis the share price. I am wary of this practice whenever the principle shareholders control the company, as in Ashton's case. There is not much we as individual investors can do about this, just realize it and invest accordingly. <<< Good Point, I am also aware of these practices.

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