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Gold/Mining/Energy : ORXX - Orex Gold Mines Corporation -- Ignore unavailable to you. Want to Upgrade?


To: Shell Searcher who wrote (73)8/1/1999 1:20:00 PM
From: Chuca Marsh  Respond to of 2392
 
Here;( URL in body of last text I posted)
This leaves unverified:
1,100,000 Shares that were in Cert form but deposited on July
23, 1999 into a Prudential Brokerage account . However, because the
company feels this is the stock being shorted against the cert is
being called for today by the shareholder.
1,173,500 Unverified as of this post. Told this cert will be
available shortly because they could not get in touch with the
shareholder. However, the shareholder is long on ORXX so this should
not be a problem.



To: Shell Searcher who wrote (73)8/1/1999 4:52:00 PM
From: Ga Bard  Read Replies (1) | Respond to of 2392
 
Stock Structure according to the TA, company and Shell's faxed documentation:

No warrants/options
21,942,500 Outstanding Shares which consists of the following:
4,989,000 Restricted Shares (2 years from March 4, 1999)
3,221,500 DTC/ADP (Available for Trading)
---------------
13,732,000 in the Float but not in the DTC/ADP

Verified certs:
4,000,000 Cert # 01002
4,000,000 Cert # 01003
20,000 Cert # 01005
250,000 Cert # 01007
1,060,000 Cert # 01008
2,000,000 Shares held in Cert Form Enroute from Escrow
1,000,000 Shares held in Cert Form Enroute for correction
-------------
12,330,000 In Consultant and Long term Holders

This leaves 1,402,000 unaccountable but are not in the ADP/DTC report so they must be in cetificate form. This is what the company is trying to get a hold of Friday.

Now 1,143,000 is being pulled from the 3,221,500 so the DTC is going to be around 2,078,500 of which 250,000 were sold by a PR firm and the company is trying to capture. Note: 1,443,500 made it to the brokerage firms on 7/15/1999 when the price was in the 2.00 range. Whether held strong or not it could be shorted against.

Also with the DTCs showing only 1,778,500 all this time why did this stock fall from The 5 -7 range. If someone has a good explaination Please let me know and do not give me this crap of the company selling shares so the company can blame the shorters. If the company and the friends/consultants of the company were selling shares then we would be able to verify this and the company would not be providing us with what we are getting.

I am really curious why short warriors have not showed up here because the stock has traded 2,705,600 in the past 6 days which is only 500K short of what is in the DTC report. This stock should be going up not maintaining the .40 range but whatever ...

NOw this is my opinion and my willingness to share the DD I am finding out. Please do your own before you invest. DON'T COME BLAMING ME GOOD OR BAD! I hold presently 20K share which an AMSC of .44.

GB

GB