MCY on the ASE Message Board

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Gold/Mining/Energy : MCY on the ASE

MCY 89.69

-1.3%

Jan 9 9:30 AM EST

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To: Graystone who wrote ()	4/3/1998 4:46:00 PM
From: cubacaan	Read Replies (1) of 66

It looks like the high profile Virgin Group of Britain is taking over the company. The Virgin Group will increase its stake from approximately 18% to 70% in MCY at a cost of $1.00 per share. This of course is assuming no other shareholder will exercise there rights at $1.00 which exceeds the current market price of $0.75. Great opportunity to buy additional shares. The stock should go up to $1.00. Immediate upside potential of 33%. After that I think we may see Virgin buying the balance of the shares at a premium over $1.00, and if not then shareholders will still benefit from the huge opportunites of the Virgin empire.

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