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Gold/Mining/Energy : TITANIUM CORPORATION INC.- The Next Major Mining Play -- Ignore unavailable to you. Want to Upgrade?

To: rdww who wrote (218)	1/18/2000 6:14:00 PM
From: M. Merriam	Read Replies (2) \| Respond to of 343

Hmmmm.... I've been doing some DD on this stock lately, including contacting a player in the Nova Scotia mineral exploration scene for his opinion on NRL. Initially, I was keen to invest. After hearing from him, my interest has cooled. He shared his impression that Titanium Corp is associated with "shady" characters. A strange thing to say, I thought, but now we get this release. Then I checked out (through an online source) the reported insider trading activity, expecting to find some insider buying, reflecting the company's seemingly good potential. A quick glance looked promising, with Richard Brock reportedly buying 50,000 shares on the market during November 1999 at prices ranging from $2.75 on the 11th to $2.95 and $2.99 on the 18th and 19th. Looked promising... that is until I checked a chart and realized that no shares traded in that range on those dates. In fact, $2.99 is above the yearly high. Perhaps a typo, like the one suggesting that an insider bought 1500 shares on the market in Dec 99 for $0.15 each, an obvious mistake. Then I noticed a little down the report, sale after sale after sale... In October 99, 13 different sell transactions by 2 directors. In Sept., 31 separate sells by 3 directors. During this period of intensive selling, absolutely zero insider purchases other than to exercise cheap options. How long have directors been aware of this brewing storm, and have they been taking advantage of this knowledge to exercise their options and unload them to an unsuspecting marketplace? And exactly who are the principals involved with Titanium Corp.? About this letter, has a copy been released? Why was it amended in June? Any comments or opinions? Mike