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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: Richard Mazzarella who wrote (7372)2/27/1999 2:16:00 PM
From: Tim Hall  Read Replies (2) of 11603
 
Richard,

I thought I was only stating the obvious; if you were one of the contractors performing COC for Maxam and paid in shares, would you sell before you knew what the results were? I don't believe it was one of the contractors and speculation that it was is foolish. IMO

It could be an old contractor paid in shares or some other situation as Alan pointed out. But, even you must admit that the stock is doing strange things. Not one share traded yesterday. Some think that the MM are out of inventory. If they needed inventory I think we would at least see them trade some back and forth in an attempt to get some action. The action we are seeing is almost like an unoffical halt. I wonder if anyone has attempted any test sells or buys between the bid and ask?

Tim
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