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Gold/Mining/Energy : Birch Mountain Resources BMD-ASE -- Ignore unavailable to you. Want to Upgrade?

To: Brinks who wrote (336)	7/26/2000 1:47:52 PM
From: russet	Read Replies (6) \| Respond to of 402

The CDNX now has tough enforcement. A company must follow the rules, pay it's bills and submit proper paperwork. If they don't want to do that, they go to the United States pink sheets or the OTC market. If you want to play chit, go there, and that market maker driven market will take all your money away. Better yet, go play the e-nuts on the Nasdaq, or the U.S. OTC BB. Your comments of a Russian style market apply to those markets very well. You should read what I sent you and learn something of the markets you seem to hold in such high regard. Seems to me those multi-billion dollar companies are dropping huge turds in the market lately. A lot of people have lost a lot of money funding those IPO's for companies that just burn money up,...you are strangely silent on that junk, or perhaps just ignorant of how U.S. markets work to fleece the public of their money. BMD has changed the focus of their company, and have published news releases that talk of gold and PGM's that appear and disappear randomly. They have been taken to task for their assertions. A simple case of "put up or shut up". I guess you once again prefer to remain ignorant. I understand, and wish you well. Looking at your list of halts and suspends I notice many of the companies were halted at the request of the company itself. Others are undergoing restructurings from mining to tech or internet companies and have not closed their deals yet (a lot of reverse takeovers of shells by private companies) nor submitted the proper paperwork for the changeover. The suspended ones have not paid their fees, or are playing games with the exchange. I have shares in a lot of those halted companies, and invested in them to take advantage of the change in direction. BMD is in a different category. They are being brought to task for their assertions. I went through the same thing with IWA recently. It was hot as hell, with all sorts of wild arse rumors flying around. Fact is, they were doing a lot of things contrary to industry standards. Third party checks were absent (like Bre-X). Claims were being made that should not have been, based on the preliminary nature of the results. IWA acted quickly with the exchange to strengthen management, get third party confirmation of results, and change their method of exploration to industry standards. The stock now trades closer to where it should based on what they have found. No one really knows what BMD has found, including the company. No proper exploration program has ever been completed on their property rights for the rocks under the tar sands. No resource has been drill proven or analyzed by a third party to confirm it's existence. If you think this is reasonable, then once again I suggest you trade on the American pink sheets, home of many great scams, and all those great market makers who will love to part you with your money,...Russian style, or is it American style??