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Gold/Mining/Energy : Clifton Mining (CFB-Alberta)-Silver Play
CFTN 0.1100.0%Nov 7 9:30 AM EST
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To: George Alazar who wrote (475)3/31/1999 12:33:00 PM
From: andrew r harwood  Read Replies (1) of 653
 
That is really an excellent question .i have not .the horse is unfortunately out of the barn now and its too late to do the due diligence now .with respect to the moellers i dont think anyone would begrudge them making a good living from their efforts . what i object to with 99.9% of these penny stocks is that they are basically all hot air and a method of transferring wealth from the investors (read suckers)to the promoters (disguised as miniig executives,geologists etc).this transfer was escalated by at least a factor of 10 when the internet came about and a whole new and wide market of suckers was created .many promoters were quick to latch onto this.
of course all good things come to an end ,the regulators at the vse and other small canadian exchanges were all asleep while the money rolled in .the vse is now in deep trouble and im sure so are the other small exchanges like alberta.
i read a couple of articles that the dollar value of the vse trades is down by at least a factor of 10 and a lot of brokers who also fed off the suckers are leaving the vse .i think it will be a long time before any kind of confidence is restored.preesumably there are a few honest operators trying to develope new mines but they are few and far between .just my personal opinion of course .in retrospect i wish i had only purchased better mineral stocks like pan am silver , pangea etc arh
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