Bearcat (BEA-C) & Stampede (STF-C) Message Board

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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C)

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To: Dale Schwartzenhauer who wrote (661)	3/19/1998 11:33:00 PM
From: Keith Minler	Read Replies (1) of 2306

Hi Dale you raise an interesting point, you have to exercise some rights to qualify for additional subscription. This would be a tempting route for someone after the tax savings and the ability to purchase shares at a discount to market. The BIG if for our hypothetical buyer is what will the share price be 2 to 4 months down the road. You must over subscribe when you exercise your rights. That is before April first. Unless our theoretical buyer is privy to inside knowledge he makes the same gamble we do. Two other points: (1)STF/BEA only generate revenue through the sale of treasury shares, not through the rights per se, thus they would be happy to have anyone oversubscribe and raise sorely needed capital. (2)Yorkton Securities manage the rights and will sell on a 'best efforts' basis', the rights of non-qualified shareholders. I note that over the last few days Yorkton has been buying rights(Not many). Why would they do that? They have a ton to get rid of. They might just be trying to make a market or they might know that they will have a buyer down the road. The game is afoot, play up, play up, play the game! Later Keith

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