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Gold/Mining/Energy : ARP - V Argentina Gold
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To: Tony from Niagara who wrote (3041)3/4/1999 1:21:00 AM
From: Enigma  Read Replies (1) of 3282
 
<<Since that time the per share value of ARP has been negatively affected by the private placement of 2 million shares at CDN $5.25 per share as the cash receipts from the private placement>>

This is a very good point - which passed almost unnoticed - and makes one question the ethics of the Lundin move here - after all if you say $5.50 is not acceptable - for undiluted stock - how do you have the face to turn around and pay $5.25 AND dilute the stock? You wonder if this sort of thing would be permitted on a senior stock exchange? I mentioned it to my broker at the time and he said 'yeah, that's the kind of trick they sometimes pull on Vancouver'. I now see what he may have meant. dd
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