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Gold/Mining/Energy : Microforum (MCF:TSE)

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To: Link Lady who wrote ()	5/1/1999 12:52:00 PM
From: burner	Read Replies (2) of 3896

The deal with Yorkton had to have been initiated BEFORE the recent runup and was probably meant to assist the stock in trading above the NASDAQ requirement level. Then it blew past on the merits of the IEC conference and U.S. exposure. It is only slightly unfortunate that Yorkton is involved. They are not responsible for the abrupt downturne and shakeout that BII went through. That happened because of the MM dealing system used on NASDAQ and was brilliantly manipulated by the Americans at the expense of the early, conservative CDN. investors. Classic "smart money" play. Yorkton does not have the ability to influence MCF to any degree. Especially now that the company has begun to establish itself in the U.S. Does anyone know of the particulars re the Yorkton bought deal? I wonder if the $6.50 shares have a hold period on them? My guess is that they do. This is an issue that might be important to some as some people quickly panic and think the lower priced shares will act as a magnet and draw the free trading shares down. Actually, I disagree. In the longer run this will be meaningless--but it has the potential to shake out a few nervous investors now. It would be nice to get this clarified.

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