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Gold/Mining/Energy : MINK MINERAL RESOURCES
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To: Joe King who wrote (362)3/20/1998 2:22:00 AM
From: Jim Andrews  Read Replies (2) of 637
 
Joe,What you are saying is correct, someone has sold some where around 1,750,000.The best efforts underwriting is probably for three million shares with a half warrant attached.in total 4,500,000.So if the insiders of the company can PROMOTE buying into the market and possibly sell their stock they can repurchase their position at a discount to the market place plus get a bonus of an option to buy up to 1,500,000 at the same price for possibly up to one full year.Great deal for the insiders EXTREMELY POOR for us buying the stock today at 45 plus and especially poor for my friends who payed from 1.00 to 4 .50!!!!!!,who bought all the cheap stock at .28 with warrant attached I was not offered any were you??? or any of your friends I am prepaired to bet as in the past as well as this time the insiders will end up with the majority of the special options.BY DOING A PROSPECTUS ALL THE STOCK IS FREE TRADING AND THE OPTIOPNS MAY ALSO BE TAKEN DOWN>THINK HOW MUCH MONEY THESE PEOPLE STAND TO MAKE DOING ALL THESE CHEAP PLACEMENTS TO THEM SELVES WHEN THEY announce all there positive results pending.They say there not in it for the money, I and we are still waiting to here what their true % is and did they give Ashton an additional 10% management fee this year .Did ASHTON GET THEIR DILUTION CLAUSES THEY WERE ASKING FOR as well.INstead of that highly promotional response of 51 49 I am sure that Ashton will always be 51% and Mink will be diluted back to 29% minimum before stock dilution and mgt fees are payed to Ashton.IT is imperative that we find out what the true percentages are Ashton may be the better buy AS they have 51%
plus WE dont know as mink to date has not responded with anything other than what I would call Gross figures nothing NET yet!!!!!!!!
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