Emgold-Lang Mining Group Message Board

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Gold/Mining/Energy : Emgold-Lang Mining Group

EMR 129.47

-1.5%

Nov 7 9:30 AM EST

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To: robert b who wrote (27)	12/17/1998 10:39:00 PM
From: baystock	Read Replies (1) of 77

This company is technically bankrupt. Their most recent financials show current assets of $40,000 but debts of more than $1.2 million. I don't see how they can survive much longer in this extended period of weak equity markets for junior gold companies. Also I visited this company's booth 3 years ago at the San Francisco gold show. Their story was exactly the same then as it is now. I don't see any progress in their story over these last 3 years. The only difference seems to be that the number of shares outstanding has increased: Current assets Cash $32,841 $ Accounts receivable 6,562 Current liabilities Due to related parties $171,547 Accounts payable and accrued liabilities $163,586 Interest payable $54,364 Convertible debenture and accrued interest $526,527 Promissory note - minimum royalty payments $172,634 Promissory note - property option payment $129,764 Ram

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