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Gold/Mining/Energy : Westrend Natural Gas - I.D.E. Hot Stock

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To: Leigh McBain who wrote (1523)7/24/1998 2:05:00 PM
From: Wink  Read Replies (2) of 2011
 
Great find Leigh!

I was hoping that the financials were being delayed due to material aspects of a merger/buyout. If WRN gets the same deal as Mr. Taylor, that would imply about $2.175 M or 435,000 shares (at $5). Having almost a half mil shares of SkyTex should be worth plenty down the road, wouldn't you agree? I couldn't find anything much on RWAS/SKTX and the stock was halted as of 7/20.

Note that SKTX holds 63% of the equity in Skytop Brewster for 503,000 shares of SKTX, so SKTX has essentially valued Taylor Rig close to SkyTop Brewster.

It also looks like we'll have financials in a few more weeks!

<<The company's auditors are currently working to complete the audits on SkyTop and Taylor Rig. These audits are expected to be completed within two to three weeks. The company will seek to retain one of the Big 5 accounting firms to represent the company.>>

Is there light at the end of the tunnel? Now what will occupy Mark's time if Alamo and Taylor are now not in his direct control?

Time will tell. ;>)
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