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Microcap & Penny Stocks : IDCN - gold, garnet, etc. -- Ignore unavailable to you. Want to Upgrade?

To: Tom Frederick who wrote (5838)	9/30/1999 12:04:00 PM
From: Greg Ehman	Respond to of 5908

Tom: I just posted about that very point on RB. Unfortunately, the POG is irrelevant to the share price of IDCN. IH is not a proven reserve, not even close to one. All the rise in the POG does is make more IH more attractive to explore. But based on what I've learned, I don't know if IH would be economical to mine if the POG was $400. And besides, they're years and millions of dollars (which IDCN doesn't have)away from the mining stage. So what are they going to do? Entice another company in? Tough sell! I don't think IH has it! Issue more shares to cover exploration costs? God forbid. I think we're stuck Greg

To: Tom Frederick who wrote (5838)	9/30/1999 2:49:00 PM
From: Greg Ehman	Read Replies (1) \| Respond to of 5908

And the news gets worse! Post from Harley on RB! Dilution: You'll want to read this!I just spoke to the transfer agent, here's the good news for all you "believers". New Outstanding shares: 83,299,016 Previous outstanding shares: 75,127,516 New Shares Issued: 8,171,500 New Total Restricted Shares: 36,689,334 Previous Restricted Shares: 32,070,835 New Restricted Shrares: 4,618,499 New Float is : 46,609,682 Another 11% dilution. Who got the 4.6 million of restricted? At .04 thats 185K! IR firm? This coincides nicely with all the hype and info that we've been getting from CAL. 20+ million issued in the last 60 days. Defenders please step forward!!! HFB