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Gold/Mining/Energy : Yamana Resources INC. T- YRI

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To: AL who wrote (1824)12/8/1998 10:50:00 AM
From: Neil Irwin  Read Replies (1) of 2346
 
Could those bids at $1.25 be coming through Canaccord? Could it be that some of the people who subscribed to the latest financing were actually previous YRI holders, and are looking to lessen their exposure? Suppose you held 100,000 shares at $1.00, and you were offered 100,000 shares plus 100,000 warrants for $1.00, wouldn't you want to dump you shares and take that offer? It would be an extra bonus if you could try to sell the original shares at a higher price. (you couldn't sell the new shares though due to the required hold period)

Neil.
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