To ALL: Larry's message (from Yahoo board) continued:
Stockett's Response to Board Letter
by: lstockett (51/M/Las Vegas, NV)
14898 of 14904
From: Larry Stockett
To: shareholders of Brush Creek
Date: November 14, 1998.
Upon receipt of the letter from the Board of Directors Dated November 12th, which I received the afternoon of November 13th, I immediately introduced them to McLaughlin Engineering & Mining, a 35 person company located in Temecula, California. I have worked with one of their senior executives for the past year developing the U.S. Cement business plan. They not only have the capability to conduct engineering and construction work on our cement plant, but have significant experience in exploration, mining and reclamation. A few of their many customers that you gold mining shareholder might recognize include:
Golden Queen Mining Company, Mohave, CA
Glamis Gold Exploration Co, Mojave, Ca, Soledad Mountain
Billiton Minerals, U.S. A. (A Division of Shell Oil Co, Mojave
Cactus Gold Mine Co. (Hecla Mining Co.), Mojave, CA
Big Dyke Mine, Randsburg, CA.
They also constructed the major hotels, casinos, golf courses and factory outlet malls at State Line, Nevada, located a few miles from the site of our new cement plant. I have proposed that they become a subsidiary of Brush Creek, along with U.S. Cement at a price per share of $5.00 per share, without any reverse split. This would generate the maximum value to current shareholders and maximize the use of the tax-loss-carry-forward. They have over $6 million in annual sales and have re-invested their profits into construction and mining equipment, an 8,000 sqare ft. office building, and over $6 million in assets with over $5 million in net worth. While they are willing to consider this proposal, their final decision will depend upon whether I can solve Brush Creek's near term de-listing status.
Continued on Next Post.
Posted: Nov 15 1998 2:30AM EST |
