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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: .Trev who wrote (23951)	8/5/1999 2:55:00 PM
From: Confluence	Read Replies (2) \| Respond to of 26850

Hello .Trev, I agree that it seems like a financing may be imminent, but disagree that "Buying now at these ridiculous prices is in effect stealing it from the smart money pocket". If the folks who are going to be on the buy side of the financing are able to arrange, say, pricing at 2.25 or 2.50, then the stock would have to trade at that level. Why wouldn't we lemmings/hamsters be better off waiting for this announcement? After the deal, we'll know the price (lower?) and not have to worry about it overhanging the market. If the price went back up immediately after the financing, at least there would be no uncertainty that the price would be significantly lower, and we'd know the dilution factor. And what about these guys on the buy side of the PP? Couldn't they sell their stock at these levels and replace it with cheaper stock and get bonus warrants thrown in? How about all those existing warrants, due to expire this year, that are perilously close to becoming underwater at these levels? Just my thoughts, Confluence