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: Bay Street Cat who wrote (10595)	7/21/1998 1:10:00 PM
From: toma	Read Replies (1) of 34075

Form 144 - to add to what Henry stated...the shareholder must hold the shares for a minimum of one year. after one year, he or she must file the 144 to "free-up" the shares so that they can be sold on the open market. According to Guy Myrrel, the PR guy, many of GE's vendors and orignal investors were paid in stock because the company had no cash. It's not unusual for these folks to file the form once they are able, so that when the price looks good to them they can receive payment for goods, services or loans. If I am not mistaken, many of the company's empoyees are being paid like this. The company currently has 102+ million shares outstanding, with approximately 65 million still restricted. the float on the stock is about 37 million shares. One question I have is how are the restricted shares priced when they are "given" to the vendor (or whomever)...is it priced based on the share price at close that day? stay out of the heat! toma

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