Golden Eagle Int. (MYNG) Message Board

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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: Cytotekk who wrote (10224)	7/16/1998 10:36:00 PM
From: jbIII	Read Replies (1) of 34075

My opinion only, they are afraid to take the chance until third party verification comes out. On the BB they would be expected/required to hold some amount of inventory of MINE stock in order to be competitive with other MM's. Any MM's that are buying right now don't want to get caught holding the bag, so to speak, if MINE does happen to tank. So any buying the MM's are doing now is likely only to fill Buy orders from customers, not to pad their own inventory. That's why the large spread in the bid/ask. Plus, these forms that are required (211) are legal documents, not just a formality. By filing these forms they are saying that they accept the responsibility for verifying the accuracy and viability of GE as a public enterprise. This is not to say that they are verifying all the claims of the various reports, that is not their responsibility. But rather that they accept that the information provided to the public via SEC filings indicates that GE can or will continue as a legitimate company. Again, this is just the way I interpret the recent events. But I don't think I'm too far off. regards, jb3

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