Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Ruyi who wrote (6592)	2/7/1999 5:10:00 PM
From: Sili Investor	Read Replies (2) of 18998

In regards to Mr. Doug Mcleod's (aka GARBAGEMAN, aka SHORTIE) post regarding BII running out of money, I would like to point out the following errors: BII had over $6M at hand starting 1998. It is true, Doug's number of $2.177M was cash-on-hand as of Dec. 31, 1997. There was over $2.8M provided to them in early January, 1998 from financing done in 1997, this cash had been held in escrow. BII has donemore than $31M in financing in 1998, unlike what Mr. McLeod would have you believe. In summary, Mr. McLeod's numbers are off by more than $15M. He's just shorting and won't admit it!

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