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


To: Ga Bard who wrote (608)8/24/1999 12:11:00 PM
From: Jeffrey S. Mitchell  Read Replies (3) | Respond to of 2392
 
Management has only restricted shares. They can't be selling.

I think what you meant to say is management shouldn't be selling. However, if you read the article I cited for you a few days ago you know that very often the restriction is cosmetic (g).

IMO, either someone has lots of stock to sell and a total disregard for the company (a shady promoter), or there is a toxic convert in progress. Do you think the CEO will put it in writing that no convertible preferred offerings have been made in the past few months?

- Jeff