Steppe Gold (SPE:V) Message Board

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Gold/Mining/Energy : Steppe Gold (SPE:V)

SPE 15.24

+0.3%

Nov 7 4:00 PM EST

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To: RMF who wrote (609)	2/18/1998 8:54:00 PM
From: John Menzies	Read Replies (2) of 1248

Have had a few emails along the same line recently. Just to put the record straight - the warrants were attached to the common shares which we obtained via private placement - we put our money into the company's treasury at a time when the markets have been challenging to say the least. We have invested in the company at higer prices and have been ahppy to do so. The number of options which the directors have issued to directors and employees is small and way under the number which would be allowed. Look at the level of support and commitment we have given this company and find a comparable one out there - I will await you reply. Check the records you will find that there has not been a lot of selling on the part of the directors or management.

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