CMYN Message Board - Msg: 3909386

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Gold/Mining/Energy : CMYN

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To: steve kennedy who wrote (510)	3/31/1998 10:32:00 PM
From: dynamitehandler	Read Replies (2) of 811

I think Dahya should just turn his back on the shareholders for awhile. Just let the preferreds convert until the outstanding common reaches the limit of 300 million and then let the preferreds scream to their lawyers about all the money they can't recover. I can say this because I'm looking at my $7000 investment now reduced to about $360. (I started buying at $6.40/sh) I'm past the point of worrying about additional losses in this stock. It won't hurt much to see that $360 reduced even further. Eventually, and that means several years from now, Casmyn's gold mining income will restore some value to the 300 million shares outstanding. In the meantime, please DON'T REVERSE SPLIT, DONT BUYBACK SHARES, and send those Soloman Smith-Barney and Coopers/Lybrand guys back home to conserve cash. The only strength this company has is pulling gold out of the ground profitably. Dahya can use that strength and the element of TIME to get us out of this. I don't see any other quick fix. JMHO.

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