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Microcap & Penny Stocks : ABFG - AMERICAN BENEFITS GROUP, INC.

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To: DoubleOddBuck who wrote (3849)5/20/1999 6:52:00 PM
From: Angusb  Read Replies (1) of 4128
 
DOB you said: "Estimated 6 Billion dollars worth in reserves.....will be part of the 10k filing...

I wish I had my 0.47 shares back...."

I'm sure you'll feel that way in the morning but not for long would be my guess. Touting inferred mineral inventories is an old VSE trick that we're now seeing on the BB. Take a look at this release:

"On August 8, 1998, the Company aquired a 30% interest in ______, Inc.-currently mining approximately 1,000 acres of gold claims located on the ____ in southeastern ___. ______ is a full scale operational gold mining company with proven reserves of over $120 Million and an estimated $6 Billion in total reserves. The _____-one of only two operating gold mining operations in the State of ____-owns one of seven gold-platinum smelter licenses issued by the state. _______ is currently negotiating a joint-venture with a ___ based gold-platinum concession with reportedly $1 Trillion of mineral reserves and possibly the largest gold-platinum field in the U.S. _____ is expected to yield over 100 ounces of gold per day by the second quarter of 1999 and potentially represents one of the richest gold reserves in the State of _______."

$1 Trillion sure beats the heck out of a mere $6 billion eh? Guess what has happened to the share price????????
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