Carmelita Resources (CFH.V) - Breaking Out? Message Board

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Gold/Mining/Energy : Carmelita Resources (CFH.V) - Breaking Out?

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To: hubbard john who wrote (213)	3/27/1998 7:54:00 AM
From: Pete Schueler	Read Replies (1) of 220

Doing some DD on Sterling reveals a company that started with virtually nothing last year (about $500K cash) and has been making "acquisitions" since then by printing stock. Its very active in this aquisition phase but its flooded the market with stock of questionable value (recently $.25/share). Number of shares outstanding is unknown. Most of this info came from a search on EXITE using co. name. Also try sec.yahoo.com You will not see cash for your CFH shares from this company only paper of questionable value. I will be curious to see how CFH management characterises this offer. Hopefully they will keep shareholder interests in mind but I have to think that Sterling will try to cut a deal with mgt that's very attractive for them. As you can see I'm a skeptic. Carmelita has some good property with value. Let's not get taken out for peanuts.

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