Clifton Mining (CFB-Alberta)-Silver Play Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Clifton Mining (CFB-Alberta)-Silver Play

CFTN 0.110

0.0%

Nov 6 12:08 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: virginijus poshkus who wrote (199)	1/4/1998 2:20:00 PM
From: Claude Cormier	Read Replies (2) of 653

<< i would guess they own somewhere around 60% FD >> That would mean 12M shares on a total of 20M shares outstanding, possibly a bit high. According to the numbers in the Jan 17th 97 prospectus, the Moellers (individual and trusts) seem to control 3.2M shares. American consolidated Mining (ACMC), a corporation controled Bill Moeller, also onws 1.3M shares of CFV for a total of 4.5M shares. All this was before the issue of 2.8 shares and the distribution of 4.0M warrants. I don't know if they participate in this issue. But I doubt it. My guess is that, with all options outstanding ,they own approx. 25-30% of Clifton, in other words, a major controlling position by all standards. CC

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next