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

To: TideGlider who wrote (767)	8/25/1999 11:50:00 PM
From: Ga Bard	Read Replies (4) \| Respond to of 2392

Well Tide I am surprised you have not bothered to check out anything before you post this nonsense. I know the name of accounting firm they retained months ago. I know the name of both attorneys past and present I have even talked to them. DD is nmore than just talking to the company. Verification. and then verification on the verification. Ask the same question to all the sources. see if you get a mismatch or a cross up ... SO far I have not had one cross up ... I think the first day I asked the company and later the attorney and other sources if there was options or warrants or debentures. I get a quick and definitive NO!... :-) GB

To: TideGlider who wrote (767)	8/26/1999 2:49:00 AM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 2392

Let's evaluate the options for the price slide: A. Someone is selling everything they have B. Someone is shorting against their shares C. A toxic convert is taking place In just the past three days, we've seen about 8 million shares change hands. Does any one person have that many to sell? Not according to Ga Bard's research. And of course the selling has been going on for far more than three days. This rules out "A", IMO. It could possibly be that someone is shorting against their shares, or, rather, started shorting against their shares and is now just shorting naked since they've been so successful at killing the price. I tend to doubt this as people that would own large blocks of shares would more than likely be "friends". This rules out option "B", IMO. This leaves option "C". Ga Bard and others say in no uncertain terms that a toxic convert has not been done. I've heard CEOs outright lie about these things before (TPII is one that comes to mind), so I still don't rule this possibility out. I'm not saying the CEO of ORXX has lied; it could be he just doesn't know exactly what kind of financing deal he got himself into with the 504. We need to know these terms. The limit on a 504 is $1M. At .05 a share, this would mean 20,000,000 new shares, enough to probably cover the short down to that price. If true, it also means this person will effectively control ORXX. Normally the day of conversion the price pops up dramatically. If the company is in on it, a series of PRs quickly follows to pump the price back up. Let's watch and see what happens. ;^) - Jeff