Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : AOW, Arrowhead Mineral Corp -- Ignore unavailable to you. Want to Upgrade?

To: LowtherAcademy who wrote (93)	9/4/1999 3:04:00 PM
From: LowtherAcademy	Respond to of 193

Here's AOW's Board of Directors assessment of the Deal of the Century that Allan inked with Pannonian: Message 11161709 A lawsuit has been filed in the state of Wyoming in an attempt to bind Arrowhead Minerals Corp. and its subsidiaries to an alleged agreement involving all of its oil and gas properties that was negotiated by its former President. The alleged agreement was expressly conditioned on the approval of the Board and the approval of the Vancouver Stock Exchange, neither of which approvals has been received. The Board rejected the proposed agreement on the basis of poor commercial terms and for other good business reasons. An injunction hearing date has been set for September 17, 1999. Management is of the opinion that the suit is without merit and the Company intends to vigorously defend its position. Oh, by the way, the Restraining order issued on Aug 30th in Wy. specifically names Mark Jarvis along with Arrowhead Resources (USA)ltd., Arrowhead Minerals Corp., Ultra Petroleum (USA)Inc., and Ultra Petroleum Corp.

To: LowtherAcademy who wrote (93)	9/4/1999 9:25:00 PM
From: kfdkfd	Read Replies (2) \| Respond to of 193

What happened to other director Bruce Campbell, ????? Why wasn't he part of decision. My point is we don't know the facts only what has been released. Your stating one party's view. People are jumping the gun and saying who's guilty without a hearing. We don't know the facts and a decision will come from the courts or a deal will be cut. Let's take it easy, we are aware of the situation and it is a non-event until the courts decide the case. These things are not unusual and happens from time to time. IT IS NOT GOING TO AFFECT UP stock price for the time being.