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To: long-gone who wrote (48763)	2/10/2000 9:26:00 AM
From: lorne	Respond to of 116759

OT. Merrill Lynch Raided By Tokyo Regulators Paris, Thursday, February 10, 2000 iht.com

To: long-gone who wrote (48763)	2/10/2000 9:57:00 AM
From: Gord Bolton	Read Replies (2) \| Respond to of 116759

Ashanti on brink after court ruling REYNT-JAN SLOET VAN OLDRUITENBORGH, Accra \| Thursday 12.15pm. -------------------------------------------------------------------------------- A COURT in Accra, Ghana on Wednesday ordered Ashanti Goldfields to convene an extraordinary general meeting to consider the composition of its board, in a ruling which Ashanti lawyers said could destroy the company. They are particularly worried by the court's order to Ghana's biggest company to refrain from new financial undertakings until after the meeting, which must be called within 21 days. "The consequences of this decision are very drastic and may destroy the company," lawyer Kwame Tetteh told the court. Ashanti has been taken to court by a group of shareholders led by Adryx Mining & Metals who want the board to resign because of a financial crisis caused by losses on its gold hedging book. It has been negotiating to secure a $100-million loan to complete work on its promising Geita gold project in Tanzania for which it intends to find a 50% joint-venture partner. It needs the money to pay bills now falling due. Tetteh, who said he was advising Ashanti to appeal against the ruling, said that Ashanti had been due to sign for the loan on Thursday. "If Ashanti does not sign the new loan agreement, the directors will be compelled by the laws of the various jurisdictions to declare Ashanti insolvent and that is the consequence of this decision," he said. -- Reuters ZA*NOW:

To: long-gone who wrote (48763)	2/10/2000 10:13:00 AM
From: lorne	Respond to of 116759

OT. Hi Richard. Lots of talk these past few days of web site hackers. Got to thinking where would we all be if we were to lose this ability to communicate news and events from around the world in an instant. How would we know about corruption from around the world. I suppose we would just have to depend on our honest news media to give us the truth as to what is going on in the world. which banks are honest or not. Which Governments are honest or not. Hey we wouldn't even know the spot POG from Kitco which reminds me the last time I looked it was down. Anyway all this is making me wonder just who would benefit most if the world were to lose this source of instant info. How would we know what Bill Murphy has to say. The Hackers would lose their play grounds. :-) ??? What would I do all day if SI were gone. Lorne