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To: Fun-da-Mental#1 who wrote (48618)	2/9/2000 4:13:00 AM
From: d:oug	Read Replies (2) \| Respond to of 116762

Barrick shareholders contacted Milberg Weiss Bershad Hynes & Lerach Law Firm to file a lawsuit against Barrick (ABX) management. The above I obtained from post #48621 of this thread. "Examples of the Extraordinary Barrick Gold Shareholder OUTRAGE !!!" Fun-da-Mental#1, <<Barrick made smart hedging deals on the downside, and now on the upside ... it makes whoever signed those contracts with them look like suckers.>> As SirLockHomes would say to Dr. WhatSon, its 2 fundamental to not understand. For the above "sucker" who guarantees that Barrick Gold wins the flip of the coin, Head ABX wins, Tails ABX wins, no problem say who lets Barrick win the gamble, knowing that there is no free lunch, that for each winner there has to be a loser to cough up the winnings. No problem, they just pass the responsibility to "pay up" (give Barrick the winnings) to clueless and stupid and ignorant and not-paying-attention parties like citizens on the nations that suffer thru low gold prices, and also honest & naive gold investors into companies trying to sell actual gold for a profit. Don't be puzzled by this so called enigma, do not think it an enema to loosen thought and release TruTh, no, do not smile as if it for help, look behind you and see ABX screwing folks, which begs the question, "are you one." [being] Doug

To: Fun-da-Mental#1 who wrote (48618)	2/9/2000 8:17:00 AM
From: long-gone	Respond to of 116762

Yeah, sure, I really believe how sharp the investing public is in this bull market: TAUB TALK: Investors Flock to Worthless Stocks individualinvestor.com Editor: Steve Taub (2/8/00) Yes, folks, there is a speculative frenzy gripping the stock market. No, not in Internet or tech stocks, which are soaring once again. Like this Article? I?m referring to a real mindless frenzy. Where investors are bidding up worthless stocks. Today?s example: Iridium (NASDAQ: IRIDQ - Quotes, News, Boards), the satellite phone company that our online research director Dave Sterman had correctly predicted would go bankrupt. The stock sank as low as $0.90 per share. But, it has recently been soaring. On Monday it swelled nearly a buck to $5.88. Why? Published reports that Craig McCaw is leading a group that plans to buy Iridium for $600 million. Sounds like good news, huh? Maybe for the bondholders. For not for stockholders. You see, in a bankruptcy workout, senior debt holders get first dibs on any assets. Then the bond holders. Common shareholders almost never get a dime. Not even a penny. And McCaw?s expected offer is not expected to be any different. Common shareholders are expected to be wiped out in this deal, according to Bloomberg. Yet, not all investors think so, as the stock?s recent movement indicates. Amazing. Sadly, Iridium isn?t the only bankrupt stock to surge in recent months. At least five other stocks of companies with well-known names are up, yet have no value. (cont) individualinvestor.com