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

To: Tim Hall who wrote (886)	8/27/1999 11:35:00 AM
From: Richard Mazzarella	Respond to of 2392

Tim, this is what they said in the PR yesterday: <<Presently, there are 23,342,500 shares issued and outstanding of which 4,983,000 are restricted. As of this press release, this is the entire stock structure with no warrants, options, convertible debentures or preferred stock.>> This didn't say fully diluted, there could also be other share commitments. They also didn't say if they had AIDS or not. I don't have any problem of them issuing shares for things that increase book value and therefore shareholder value. <<could be shares committed to other parties>> Could be, but they most probably are restricted from selling for at least a year. In one year this stock should be trading on NASDAQ or the pink sheets if lucky, take your pick. BTW, the stock is going up now, please don't buy any. <VBG>