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Non-Tech : Hall of Shame (naysayers, hypesters, MM henchmen, gasbags)
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To: Adrian du Plessis who wrote (211)5/19/1998 7:52:00 AM
From: Mr Metals   of 417
 
LOL.

Bre-X Minerals Ltd -

Post says Walsh tells Texas court he believed in Busang gold

Bre-X Minerals Ltd BXMShares issued 2191033301997-05-07 close $0.09Tuesday May 19 1998The Financial Post reports in its Tuesday, May 19, 1998, edition that David Walsh, Bre-X Minerals' CEO and its chief stock promoter, has told a Texas court he shouldn't be held to account for the multi-billion dollar gold swindle because he relied on information provided by "renowned geologist" John Felderhof and other board members. The Post's Sandra Rubin writes that Mr. Walsh, who is alleged to have made about $25-million selling Bre-X shares, is asking to be excused from a U.S. based class action lawsuit on the grounds he genuinely believed the tiny Calgary company was sitting on a massive strike. Mr. Walsh described his job as simply raising the funds necessary for Bre-X to pay its bills. He said Mr. Felderhof managed and supervised the Indonesian properties and provided geological expertise through a team of geologists recruited by him and employed by Bre-X, or its subsidiaries. Paul Yetter, the lawyer leading the Texas suit, said Mr. Walsh is merely joining the game of pass the buck. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

Mr Metals
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