Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Adamas Resources (V.AMS) -- Ignore unavailable to you. Want to Upgrade?

To: bigbuk who wrote (1951)	6/9/1999 11:32:00 AM
From: Alex Law	Respond to of 2015

Bigbuk, look at LGO-V, AMS will be same or better. eom

To: bigbuk who wrote (1951)	6/9/1999 11:40:00 AM
From: Alex Law	Respond to of 2015

Aamas Resources fifth most active conference THIS IS OLD BUT A GOOD READ. Adamas Resources Corp AMS Shares issued 7,617,989 1999-05-28 close $0.16 Monday May 31 1999 Week ended May 28th by Stockwatch business reporter This is the first review of Adamas Resources in Forum Watch, grabbing fifth place among Canada Stockwatch's most active conferences for the week. As a junior miner, Adamas Resources did not have much success; all of its mineral properties have been abandoned and the consolidated financial statements for the year ended Dec. 31, 1998, show assets of $5,673. That dismal reality was not entirely reflected in the share price, which hovered at a generous three cents early in the year. On Feb. 5, Stephen Doppler resigned as president and Mike Skopos resigned as a director; Richard Silas joined the board and was appointed president. On Feb. 10, Adamas issued a release hinting at the possibility of an Internet acquisition. That sparked some modest interest and on March 8, Adamas followed up with another release, declaring that "the company has narrowed its business and acquisition opportunities to the Internet and e-commerce." On April 14, Michael Dearden joined the board. On April 19, the stock jumped to a 52-week high of 26 cents, prompting another release which indicated that there was no material change in the company's affairs and that Internet and e-commerce acquisition opportunities were still being evaluated. Meanwhile, the company has granted 1,065,000 stock options exercisable at 15 cents and a further 1.2 million options exercisable at 16 cents. Among the personal attacks, false allegations, and comical ego preening by anonymous posters, there were a few posts which actually addressed issues related to Adamas. Gandolf levelled a rather scathing indictment of management: "Look at who's behind this company now. The same folks that were involved in the infamous Maymac pump and dump in January of 1997. The same incestuous relationship with a certain major Canadian brokerage house...All these stooges are trying to do is mine the market for their paychecks. They for damn sure are not paying off the company's considerable debts." That seemed to be quite acceptable to Gord: "Gandolf, you have brought up some excellent points for AMS. I wouldn't hold AMS for any length of time...if I can double my money and bail why not?" Toward the end of the week, Tequila contributed a brief post: "I spoke with Richard yesterday for an update. They have filed their C.O.B. prospectus with the VSE, (from mining to Internet) which will take four weeks to complete. They are currently undergoing due diligence on a couple of their prospects, but nothing can be released until the C.O.B. has been completed." Adamas closed out the week at 16 cents.