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Gold/Mining/Energy : Peruvian Gold Ltd. PVO
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To: E. T. who wrote (420)1/9/1998 7:29:00 PM
From: Andre Koluksuz  Read Replies (1) of 892
 
I think , you are missing the point. If you read carefully through the last two takeover related news from Canada stockwatch, you'll see that the company has 0.88 cents/share cash and plus reasonable properties to drill. The reason Atkinson is finding support from the brokers and institutions is that they are all p...d off big time with the management after buying the stock over 3-4 dollars earlier. They are expecting the so-called "financier" Atkinson to promote the stock buy controlling the company and the cash, rather than leaving the company in the hands of an "incompetent" management. I agree with Mr. atkinson that the share holders of PVO will not approve the poison bill if they sense that the current management will use it as a tool for scorched earth policy in case of a take-over. I don't think this is their intention either. They are trying to protect the shareholders buy not giving away the company at a ridiculuos price. Mr.Atkinson couldn't buy this company for less than what his supporters (institutions and Howe street brokers) paid for the stock in the first place. And that price has got to be "few dollars" as mentioned in the news release.

Good luck to all. I hope whatever the outcome, it happens sooner rather than later.
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