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Gold/Mining/Energy : CMYN

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To: trader who wrote (431)3/24/1998 5:53:00 PM
From: Doug Willmarth  Read Replies (1) of 811
 
Some helpful info gleaned from www.casmyn.com (you be the judge if that is a good source):

Outstanding Common shares: 30.5 M
Preferred Conversion involves: 10.5 M Common
Cash: $13 Mil

If the cash is still there, that is .31 per share after conversion.

trader, what are the chances this is a stock manipulation holding the shares down (I have heard that allegation from the company)?

The website claims gold resources should be valued at $40-60 per oz, and that CMYN is at $1.73. Any comments?

DW (hoping to still make money)
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