Phoenix Metals U.S.A. - PMTU Message Board

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Gold/Mining/Energy : Phoenix Metals U.S.A. - PMTU

PMTU 25.79

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Oct 28 3:54 PM EDT

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To: Reeter who wrote (60)	1/21/1999 8:59:00 PM
From: banco$	Read Replies (1) of 80

Thanks Reeter, The company commended the SEC for professionalism, not the other way around, nor did the company make any such claim. I heard certain regulatory/permitting agencies are happy with company processing, that's all. I'm not aware of any litigation outside of the concluded SEC matter, so please share any significant findings regarding this specific company. A suit can allege almost anything as lawyers will do, what matters is judgement, and Phoenix is cleared at the SEC level. Phoenix Metals intends to become a fully reporting company, hopefully in the near future. Footnotes should address any material considerations such as litigation. The company may have had a complication with refining its earlier inventory on site due to ore sourcing (federal land vs private). I do not expect that to be a problem going forward.

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