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Gold/Mining/Energy : JAB International (JABI)

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To: Brian Pastor who wrote (3414)	4/9/1998 8:41:00 PM
From: Marie A. Choate	Read Replies (4) of 4571

Brian, You wrote: " It also does not appear to increase the number of shares outstanding either." I sincerely hope that you are right in this regard, but I think it sounds like they issued 5,000.000 new shares (at roughly half the market value), plus warrants for 5,000,000 more at 65 cents a share. Someone please correct me if I am wrong. I thought the Sterling deal took care of the money problems - does anyone know what this money is to be used for? Maybe an extra set of liners, since it seems to take a very long time to get delivery on them? It really bothers me that BCMD management is willing to sell these shares for 30 cents. Is that what they think the company is worth? Brian, please don't think that I am attacking you. In fact, I hope that your interpretation is correct. I just want to understand what this action means to the existing shareholders. And I, too, would like to know who the "certain Virgin Islands Corporation" is/are. Maybe Lionel can answer that one.

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