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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: Chuca Marsh who wrote (7243)2/23/1999 12:06:00 PM
From: Alex Balazs  Read Replies (2) of 11603
 
>Alex, I called Dale yesterday and that the fact existed that one of
>my Claim Group members had a relative or something test sell twice at
>the ask I think it was said. Also that price was .30 that is the word
>BID. Dale said he heard the exact same thing from a few others.

Are you saying that if I put in a limit order to sell at .30 it will be filled but the BID will remain lower than that? How can they do that??? I realize that they're the MM's but come on, that is flat out misrepresentation of the price which people can buy or sell, that has to be some kind of punishable offence. Anyhow, while the manipulations bother me quite a bit, I can't help but find no flaws in the press release of a few days ago. I especially like this part of the press release:
"The four sample splits held in reserve are for further assays, and possible use in development of production capital and/or joint venture
opportunities. "
Did anyone else see this!? PRODUCTION CAPITAL. To me that is a pretty strong show of confidence in the results before the tests ever happened. They know these things will be chock full of gold and can be used as INCOME! In addition the "joint venture opportunities" remind me of that other DD doing so well these days MGAU with their Johnson/Lett technology. I really hope that they do send a split over to MGAU for some testing...MGAU might just turn into MXAM's new best friend. They already have the funding, show that we can use the same techniques on our dirt and we should have funding too.

I love it when I get carried away,
Alex

ps. I'm not selling till at LEAST $5.00 so those MMs can take their manipulations and shove it.
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