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Gold/Mining/Energy : Millstream Mines (MLSM) -- Ignore unavailable to you. Want to Upgrade?

To: hugh thorne who wrote (504)	11/19/1999 2:24:00 PM
From: Brumell	Read Replies (1) \| Respond to of 664

Hi Hugh, I think these are the numbers you are looking for from a previous post. They were for shares that became free trading late last Spring and Summer. <<< What's killed this stock has been 1. lack of news and 2. over supply of stock. The supply of stock came from financings completed over 18 months ago and I'll be specific: Nov.3, 1997 - 600,000 shares, Dec. 15th 1997 - 450,000 shares, Dec. 15th, 1997 - 3,213,200 shares and Jan. 1998 - 1,000,000 shares. That's a lot of stock but there was an 18 month hold period attached to it. Consequently, this stock started to become free for trading in May of this year with the majority free for trading in June. The figures are from Sedar. >>> About current drilling, might be wise to put it in perspective. As part of a supposed major $4 million drilling last Summer, it was one thing. As a one hole drill bet, it's something else. Their chances of success may be higher than their NR indicates but it's still a longshot...FWIW and IMHO. Regards, Bob