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Gold/Mining/Energy : Phoenix Gold Resources (V.PHO)
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To: Quint who wrote (262)5/23/1999 8:36:00 PM
From: The Osprey  Read Replies (1) of 285
 
Hey Quint,
I have a question that maybe someone can answer for me.On April 9th there was a press release which was showing that there was 5,009,312 shares Outstanding and the company was going to do a 1-5 rollback and change the name to either Sunrise Explorations or Terrastar resources.....

I do a company search via Canada Stockwatch and it shows that the company has 7,248,687 shares Outstanding.I know they were issuing performance shares but did they issue 2,239,000 performance shares and at what price and what are the restrictions.I also noted all the directors or at least 5 have resigned????Can anybody shed any light on this?????

Thanks In Advance,

The Osprey

One other question.If this company did have say 7,248,687 shares out what the heck are they doing a rollback for.I know the first answer is to attract financing as it must be done at .15 as a minimum.What is the other reason???????I think we all know the answer to the second question.
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