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Gold/Mining/Energy : Golden Eagle Int. (MYNG)
MYNG 0.0700+5.7%Feb 21 4:00 PM EST
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To: Mr Metals who wrote (3758)5/28/1998 9:09:00 PM
From: Sawdusty  Read Replies (1) of 34075
 
Your comments:

"This company is under a microscope with the SEC & NASDAQ. Now, do you really think they would of
let MINE continue to trade if they were a scam. Also, they would of made MINE retract their NR if they
had any questions/doubts regarding the content of the release."

Many people are putting faith in the fact that a News Release has been allowed. Perhaps it should be, but you were quite active on the IPM thread and probably know the story much better than I. However the following is from that company's own release:

"The de-listing proceeding was commenced because the Nasdaq staff raised questions regarding
the adequacy of certain press releases by IPM during an approximately 1 1/2 year period ending
November 14, 1997. The Board of Directors vigorously contested the Nasdaq allegations on the
basis that there was a clear lack of understanding by the Nasdaq staff, not only of the stages of
mineral exploration and research and development, but also specifically that IPM has discovered a
new type of precious metals deposit. "

It took Nasdaq more than 1 1/2 years to put the brakes on IPM. I don't mean to rain on the parade but I am not sure that the fact that an uncontested news release from one week ago is proof positive that it is factual in it's entirety.

It took the TSE quite some time to stop Bre-x. I am "not" making a comparison just stating the fact that regulators are quite often tardy. Otherwise there would never be scams.
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