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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: lorne who wrote (49475)	2/22/2000 7:05:00 PM
From: Eashoa' M'sheekha	Respond to of 117026

>>So who's first in line,the lenders,the bullion banks,? << Hi Lorne........... Let me just say this......... The holders of common shares in any company,are in most cases, at the mercy of the the people who run these companies.Arrogant managers of publicly traded companies often take the attitude that...if you don't like what we are doing,then sell your position.PERIOD! But the times they are a changin. With more funds flowing in from investment groups,such as large pension funds..etc,they are taking a more active role in the decision making process and have more recently been known to actually pressure some companies to make management changes at a very high level.The internet is also having an affect,where shareholders can communicate and find they have common concerns. This is a good thing,since not all companies do what is in the best interest of their shareholders.Keeps em on their toes and prevents the EMPIRE BUILDERS from selling the farm, often to merely create these EMPIRES and thereby solidify themselves in these grandois schemes to enhance their status and paychecks. And you are very correct....if the company screws up enough that they go into receivership,the holders of common shares are THE LAST people to compensated.Too often they are left with NADA and the creditors end up with the company. If you are truly interested Lorne...may I suggest you take a couple of investing courses.It is well worth the time and information is not always available on these groups. PS: Be very careful of A-N-Y-T-H-I-N-G Enigma posts on these boards.An agenda is certain IMHO.No one can be so wrong for so long,all the while appearing to protect certain interests as a " former " mining company employee. Here's where the " If you don't like it then sell your postition " stand comes in from the dynos of days gone by. What a rude Awakening ABX is to get at their next AGM~! Buyer Beware. Regards.