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Gold/Mining/Energy : Winspear Resources

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To: Bearcatbob who wrote (9722)	11/25/1998 10:38:00 PM
From: teevee	Read Replies (1) of 26850

Hi Bearcat, Regarding the action on WSP today, my broker says that the private placement was oversubscribed two times. Those who received confirmation they didn't make RT's president's list, or were cut back, started buying/adding to their positions in the market today. That should provide support for the next little while. Why is management being so greedy here? A rights offering to shareholders would have resulted in less dilution. The insiders and the sponsoring broker could have picked up and exercised any un-subscribed rights. That way nobody can bitch. What about the shareholders who have been here for along time? For the insiders to line up and trip over each other for WSP tells me that the information to be released must be veeerrry convincing and good.

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