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Gold/Mining/Energy : Nuinsco Resources (NWI)
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To: Brumell who wrote (546)1/29/1999 9:26:00 PM
From: Serge Collins  Read Replies (3) of 5821
 
This is a good deal for Nuinsco, anybody that thinks otherwise either doesn't own the stock or hasn't seen many private placements before. Tell me the last time you saw a private placement done at a price that equals the going market price? The ARP case is a poor example for comparison, as you have a situation involving an exceptional factor at play.

These private placements are always made at a price based on a formula of average price over a number of trading days prior to the agreement being signed, minus a certain percentage of this average price, which is a cushion to protect investors from various factors (price volatility, length of time you must hold before being allowed to sell, etc.).

At $2.00, present shareholders have a good deal and the company gets the needed funds to continue its drill program. Anyone who doesn't see it this way simply doesn't understand private placement financing or is not being frank about their position vis-a-vis this stock.

Have a good weekend.
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