YBM Magnex Intl Sees Revenue Growth 30-35%/Yr In MagnetOp Message Board

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Gold/Mining/Energy : YBM Magnex Intl Sees Revenue Growth 30-35%/Yr In MagnetOp

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To: Adrian du Plessis who wrote (243)	8/18/1998 4:26:00 AM
From: Ned Land	Read Replies (1) of 314

The U.S. auditing firm was supposed to be the commission's star witness at this week's hearing but declined to appear voluntarily to give evidence, pulling the rug out from under OSC plans. Sources say Deloitte is concerned its testimony may be used against it in a possible class action by YBM investors. The stock was worth nearly $1 billion in March and was listed on the TSE 300. Most fund managers have now written it down to zero. The sad reality is that this is probably true since a wealthy bank isn't connected anyhow in this one. Maybe a scenario shareholders would've preferred is if D&T had never refused to sign off. Greedy lawyers a really becoming a obstacle to the administration of fairness.

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