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Gold/Mining/Energy : Mt. Tom Minerals V.MTK (was Westmount Res, WTM) -- Ignore unavailable to you. Want to Upgrade?


To: Biff who wrote (456)8/29/1999 3:33:00 PM
From: Leigh McBain  Respond to of 496
 
I liked what the company was doing and how they were going about it (for the most part) so yes I picked up a reasonable chunk of shares. I was not impressed that a non-brokered private placement was done, with insiders, while being told uncategorically that they did NOT intend to do one at these lower levels. I don't particularly care that one was done, I just didn't overly appreciate being told that one was definitely NOT going to happen until after it moved a bit.

Now, having said that, it is possible that the delays caused financing issues that simply had to be taken care of. I have been on vacation and have been TOTALLY out of touch during that time, so have not been able to ask. You can be sure I will.

Salut,

Leigh McBain



To: Biff who wrote (456)8/29/1999 4:01:00 PM
From: William Jones  Read Replies (1) | Respond to of 496
 
Hello Biff,
I was doing some kitchen table calculations regarding the Tri Vue deal and the numbers are quite fantastic.
My assumptions are: the 50,000 South American hotel rooms will obviously be rented to people who wish the gaming feature, meaning to me they are likely to actively play. Assume US $50 per room per day is $2,500,000 per day x 365 = $912,500,000 handle per year. Assume MTK/Tri-Vue received 5% admin/handling fee, $45,625,000 divide by 6,000,000 shares = $7.60 per share in annual revenue [ pre expenses ] on this deal. Multiply by 2 if they secure the other 50,000
rooms. Looks good even with 2%. Hmmmm! What am I missing?
Good Fortunes,
willyum