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Gold/Mining/Energy : GMD RESOURCE

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To: Dave R. Webb who wrote (899)	4/22/1999 3:43:00 AM
From: Cal Powers	Read Replies (2) of 1030

Dave, I hate rumours so hopefully you can dispel this one. It seems that some group or some individuals in Eastern Canada picked up some cheap warrants at .25 a couple of months ago, expiring after only 3 months or next month now. Apparently they are or were associated with some of the guys that lost some bucks on GMD last year when Farrell and his cronies were exposed. Would that account for the run-up in price on no news? Warrants expire, they buy more cheap stock, then run-up the price during the exploration season and they sell into the run-up, thus recouping their original investment and their warrants. Why else would they buy warrants that expire in only three months instead of the usual 12? Cal

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