ORI Omni Resources, TYG Trumpeter Yukon, AKA Arkona Res. Message Board

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Gold/Mining/Energy : ORI Omni Resources, TYG Trumpeter Yukon, AKA Arkona Res.

ORI 39.35

-0.3%

9:30 AM EST

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To: Tomsr who wrote (366)	6/15/1998 4:03:00 PM
From: Gramps	Read Replies (1) of 444

I do not know the extent of the agreement in the Byg/Ori deal but in any deal there are time constraints or performance guarantees. If one member does not live up to it they are in default. In my book Tyg is in default but due to the amount of money put up it is not likely a call would be accepted. I believe the main option would be to file a default and then if not satisfied the other players could pull out. This is my preference then both ORI and AKA could look for more reliable players. As of now things could be in limbo for some time unless ORI and AKA want to spend all there own money on further development and then hold there breaths for reimbursement by TYG. Also, no other groups will come near the properties as long as this questionable relationship exists. Considerable reasonableness has been and is being exercised by ORI and AKA but the time is getting nigh when business will have to take priority.

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