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Gold/Mining/Energy : Champion Bear Resources

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To: ken dresser who wrote ()	12/6/1996 11:21:00 PM
From: Rob Ady	of 122

Ken: When I saw this thread I could not beleive my eyes--how timely. I bought into this stock 2-3 years ago and it represented my baptism into risky speculative investments. I was in below $4 and had several thousand shares. I was fortunate enough to get out this spring between $10-$11. As it turns out I beleive I made something off of nothing. Tell me what is different today about the company than the this spring the day before the run up and I beleive it will be little except some time has past and the pres has a different spin on his tales. This guy can promote stock and my advice is beware. Coincidentally though, the same sources of information that got me in the first time are coming with stories again that rival the best I had heard back then and embarrased to say I beleived. Stories of neighboring property owners seeing 5 drills going 24 hours, majors funding the entire program and the pres is just a "front man", majors buying out at astronomical prices because it is as big as hemlo, etc. etc. etc.. Supposedly a year or so ago the pres. tried to "play hardball" with the majors and refused a bid to buy the company for $5 a share and they sabotaged the price in an attempt to foil plans for future financings to fund his plans to prove up more reserves. There are people that I know that own big positions in this company and have sold others that have legitimate prospects--they seem to beleive what they hear and have bet the farm again. The president is a talker and he can promote, and as near as I can determine he has a phone in his basement and that is the company--he ran the stock to over $13 on nothing in my opinion. If he did it once I am not sure why he could not do it again as soon as he has enough people baited and beleiving what he has to say. If you are invested at or near current levels it may be worth riding to see if he can do it again. The stock has been down to the lowest point in several years recently and will likely be there until he and his cronies decide to make some more money at investors expense. My advice is to beware and be ready to jump when it runs and peaks because as myself and many people found out this past year there was nothing at all behind the smokescreen and that is why the price is where it is at. Do not mean to rain on the parade but thought I would share my experience because I wish somebody would have educated me before I got in. As I became more aware of the pres and his BS there were lots of days when I wish I had never got in but I was lucky in the end. It was a scary experience for me but at the same time it gave me some big profits which I rolled into a legitimate company named Corriente Resources (in this forum) which I have since multiplied my earnings from CBA. There is an entirely different feel of being in a good company with good properties than with a company who has nothing to show for what was once a $13 stock. Good luck. Won't I look silly when this hits $100/ share! Rob

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