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Gold/Mining/Energy : GMD RESOURCE

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To: VAUGHN who wrote (920)5/20/1999 12:56:00 PM
From: Dave R. Webb  Read Replies (1) of 1030
 
Vaughn, I must have missed something. You say "The statement regarding GMD is hardly controversial and seems understated in light
of the companies past and my repeatedly documented examples of the company's apparently preferential, exclusive and discriminatory information distribution policy."

Can you provide me with at least one example of a preferential, exclusive and/or discriminatory information distribution policy? This is a VERY serious statement, tantamount to a declaration of illegal practices. I am not aware of any such activity, and will take the documentation you say you have to the VSE and BCSC immediately. You can reach me directly at 604 681-2877, and by fax at 604 681-2879, as well, you can email me privately through SI.

As for comments on the VSE, and monikers hung on it by a highly respected US financial magazine and a national US television network, it would depend on what was said, when, by whom, and under what context. One cannot deny that the VSE has had problems, as has the TSE, ASE, CDN, NYSE, AMEX, NASDAQ, etc. If you want to talk largest cases of insider trading, you have to consider Michael Milken and NYSE deals, for more frauds per listing, most frauds per year, fraud "without precedent in the history of mining anywhere in the world" etc you'd have to consider exchanges other than the VSE. If you want to consider "best" or "worst" press coverage, then perhaps the VSE has done more than most exchanges to disclose unacceptable activities.

I don't know the answer to all of these answers, but I do know that perception is 90% of the problem, consequently, the VSE has a problem.

Dave
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