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Gold/Mining/Energy : ECHARTERS

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To: E. Charters who wrote (2087)	12/24/1997 1:43:00 AM
From: Big Shorty	Read Replies (1) of 3744

E. Charters - In one posting you are saying this is a normal straight-up PP and in the very next saying that this is not a normal straight-up PP. As far as your buy-out of the partnership in order to cash out you have two problems. 1) No one is going to pay you a have decent dollar for the partnership who's asset is shares in a junior resource company that posess an 18 month hold period. You woiuld be lucky to get the buyer to pay you $0.20 on the dollar. 2) Neither the shares nor the attached warrants (should there be any) would be transferable, how do the partners utilize the tax write-off when they no longer possess the necessary asset that allows them the write-off while the funds are being spent. Check this out! I am very pleased to see you stand up and admit that your personal 10% is payment for bringing in the placees. Yes you do not get a commission because under the Ontario Secrities Act you are not licensed. What you are receiving is commonly referred to as a finder's fee. This qualifies you to be know as a 10 percenter now or as the street says a rounder. Again as I told you I am not new to the financing arena so i wish you all the best on your endeavour. Jim Cox

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