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Microcap & Penny Stocks : Mining/Internet Picks under $2 sh BUYS & SELLS $G-SPEC$
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To: Buckey who wrote (43)5/5/1999 5:00:00 PM
From: Mr Metals  Read Replies (1) of 171
 
LatinGold Inc -
Fagan says diehard LatinGold investors win in the end
LatinGold Inc LAT
Shares issued 20,989,178 1999-05-04 close $0.5
Wednesday May 5 1999
Brian Fagan, writing in the May edition of the Fagan Report dated April 26, says LatinGold, which has spent much of its recent live trading below 20 cents, came to life in late March amid speculation the company would find a new Internet focus. Mr. Fagan recommended the stock in April 1997 at $1.04, based on its property in Colombia. That property eventually turned out to be a bust. In April 1998, Mr. Fagan wrote a detailed article explaining why those still in the stock should average down at the 10-cent level. A drilling program in Mexico followed, but it too held no joy. On March 30, 1999, however, LatinGold issued a vaguely worded press release that had investors scrambling to buy shares based on the notion that it was about to enter the Internet business. Indeed, LatinGold on April 27 confirmed suspicions, saying it planned to change its name to Travelbybus.com Ltd. and become an e-commerce travel agent after acquiring Portland-based Gotham Media/Mr. Cheap Travel Group for $5-million (U.S.).

(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

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