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Gold/Mining/Energy : CFV - Camphor Ventures -- Ignore unavailable to you. Want to Upgrade?

To: .Trev who wrote (348)	9/9/1999 12:53:00 PM
From: paul centis	Read Replies (1) \| Respond to of 407

I believe your facts need to be clarified! Glenmore had the right to option up to 50% of the AK/CJ property from MPV! Glenmore decided on its own to option only 40% from MPV! As a result, Mpv was left with 60% of the property interest! Since MPV had a messy structure, it was decided that 10% be optioned to Camphor! Camphor contributed in both stock (to MR. Shatszco) and significant exploration expenditures in order to earn its interest! This was before a pipe was ever found! Also Paul Shatszco was named a director on Camphor's board, allowing him to benefit from options granted! At that time both companies were considered one with the 10% being a safegaurd to prevent MPV from being taken-over or management from being voted out! In other words Camphor paid more than fair value to earn its interest and also helped to protect MPV from losing control of their property! Now that Camphor wishes to receive fair payback from MPV the rules change! I repeat, all Camphor wanted was fair payback, (this could have been done by an independant evaluation)nothing more and nothing less! MPV has shown that they are the greedy bunch, not CFV! In the end justice will prevail, that I assure you! ,

To: .Trev who wrote (348)	9/9/1999 1:47:00 PM
From: Market Watcher	Read Replies (1) \| Respond to of 407

.Trev, I think you've been misinformed. From all of the information that I have gathered (and I've spent a considerable amount of time investigating) indicates that for several months Camphor has been prepared to sell its interest to / merge with MPV. If MPV had given the nod, a valuation would have to be done on CFV's interest to determine the consideration to be received. It wasn't a matter of CFV management wanting too much. Apparently (you may not like this because you seem to be a supporter of Glenmore) Glenmore may have been somewhat to blame, as their approach was "What's in it for us" -- ie their input was forget the CFV/MPV merger. I'd like to know where you got your side of the story from. In any respect (above is water under the bridge), I'm happy with CFV managment's recent moves.