L S Capital / Griffin Gold (OTC:BB CHIP) Message Board

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Gold/Mining/Energy : L S Capital / Griffin Gold (OTC:BB CHIP)

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To: John Flaherty who wrote (2755)	4/9/1998 12:43:00 AM
From: Steve Huskey	Read Replies (2) of 3594

<<Thanks for your input as your opinion is valued by many on these threads. >> Thanx. I dont post much lately. I seem to go in spurts. This is way too wild to predict now! It's only been one day. There are no indicators to read. It looked like the stock took alot of dumping around .45. It wouldn't surprise me to see it remain volatile in either direction. So what has happened really? Let's look at it logically. Overall, my views on this company aren't very good. Mainly because of the EDGAR reports. You can read these yourself online. Don't ask me "which one" because I dont remember. Anyway, the company said pretty straightforwardly that they were issuing stock to pay off old debts and lawsuits. That didn't sound like a good deal to me! No matter how you feel about this company... ask yourself this. Were you waiting for this great announcement? I doubt it. Was the market waiting for this grand news? I doubt that too. It may be good.. or it may be nothing. According to what I read, they can proceed and TRY to recover some money legally. They haven't won anything yet. That is the main reason I think it is a setup. As to how far those behind it (whoever they are)will push this, only they know that. This press release came out of the clear blue and really gave nothing concrete to CHIP. Thus the resultant move is suspect to me. Maybe something big is brewing. I doubt it. Too much of a coincidence with the press release. Even if big COC numbers do come... will the market take notice? It seems NAXOF had some really good ones and the market yawned. I dont know if even really good assay news will move these dd's much at this point in the game. Steve

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