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

To: LowtherAcademy who wrote (114)	9/14/1999 7:40:00 AM
From: lostmymoney	Read Replies (1) \| Respond to of 193

AOW thinking about a ten to 1 Lew? How you doing anyway, besides , well I feel the same. Thanks for the continued updates. Mike

To: LowtherAcademy who wrote (114)	9/14/1999 11:40:00 AM
From: Hickory	Respond to of 193

As a very savvy and client-oriented customer rep once explained to me, a reverse split ALMOST ALWAYS is a prelude to a price slide. The directors realize that they have no chance of getting the per/share price up to respectable levels without this maneuver, which means, in turn, that the company's prospects aren't very bright. I saved myself a lot of money by bailing out of another co. that did a reverse split. Fortunately, I was able to get out before the price slide started. Not the case here.

To: LowtherAcademy who wrote (114)	9/15/1999 5:20:00 PM
From: Hickory	Read Replies (1) \| Respond to of 193

In its announcement day before yesterday, Arrowhead Minerals itself officially put a value of less than 8 cents a share on the shares that we hold. Instead of present share and warrant holders owning the company, they will own only 59% of it. If the status quo prevails and the equity sale (I should call it a "fire sale") is successful, Arrowhead apparently will have over C$ 8 million deficit and cash of a little over C$2 BEFORE PAYING FOR LEGAL FEES. If the present board of directors is stubborn enough, legal fees could conceivably amount to 00s of thousands. Who knows, maybe even more than that. In effect the board of directors is saying that they are going to ram through a plan where our shares get seriously devalued and they will try to get other gullible people to pay for their stubborn legal fight. As I see it, even after the majority stockholders (Jarvis and Hislop and allies) ram through this plan and assuming that they are able to con enuf gullible people to buy up the offered shares, there won't be enough money left to drill and complete even 1 well on Gemini. Talk about a company with absolutely fantastic potential!! ----Not saying, for what. Will the judge save us?