Tusk Energy (TKE) Message Board

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Gold/Mining/Energy : Tusk Energy (TKE)

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To: Jon Warren who wrote (865)	9/16/1998 10:14:00 PM
From: kingfisher	Read Replies (3) of 1207

Jon, "I would suspect that the insiders are dumping now before it really sinks". I am not familiar with how the Alberta Stock Exchange deals with tight hole situations but if it is similar to the T.S.E I can assure you that if the news release is negative (it will not) and an investigation reveals insiders were in fact dumping, these individuals could be in big trouble! The T.S.E official that I spoke to several weeks ago did agree with me that shareholders who purchased shares after tight hole status was imposed could sue if it was proven that there was no basis to maintain a tight hole situation.There are ways that companies can skirt this issue of course by announcing that their original target was missed and a second well would be required etc.. The person I spoke to also gave me his personal opinion about tight hole status.He said "I hate tight hole status situations.I do understand the basis for these situations to be imposed but nevertheless I wish they were not used.I personally feel that all shareholders are entitled to all available information." The T.S.E.is very aware of the Tusk situation and are monitoring it closely.I would have to assume that the Alberta Exchange is monitoring First Star and Dalton. I do understand your reasons to be suspicious of course. A quick glance at the charts does not paint a pretty picture for any of the Strachan companies. In my opinion tight hole status is now unofficially over. After several months all sealed lips can be unzipped.Phone calls can be made now without risking the wrath of Apache.This I hope will happen in an effort to get the stock trading at more appropriate levels prior to the official news release.I doubt that stock exchange officials would raise any eyebrows if such a scenario did unfold given the fact that the Strachan Sisters have been so beaten down since early summer. This is why that I hope the news release is after the markets close on Monday. As far as the end of the road,I doubt that the most favourable time to take profits would be after this news release.Many factors will have to be considered but do not forget that any new land that was acquired will be explored with 3 D seismic, leading to more exploration wells being drilled and of course probable reserves will have to be proven with more wells, and add more success at Meekwap and a war in the Middle East leading to $18 oil and add an increase in natural gas prices ,leading to a much higher stock price by April of 99,leading to paying the tax man a huge whack of cash in year 2000! Lets hope for the very best but remember that if the very best does not unfold let us maintain our perspective .It is not like being in Bosnia and worrying about getting your head blown off by some snipper in your efforts to fetch a bucket of water from the local well. Richard

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