Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: james flannigan who wrote (26539)	8/14/2000 6:07:01 PM
From: Letmebe Frank	Respond to of 26850

This explains the selling today - US investors cant tender.... Author: DiamondWillie -- Date:2000-08-14 12:57:45 Subject: US investors Are US investors' best bet selling in the open market or waiting until DB has taken over? What happens to SH who don't sell? Do they get screwed? If DB doesn't want to have any contact with US investors for fear of the Justice Dept., how do they intend to handle outstanding shares in US hands? In any even, it looks like we got screwed twice today, not just once like our Canadian cousins. And Sophie was pissed at me because she (and others on this thread) claimed it was only DB who screwed US investors, not BOD. Now the BOD can't claim non-responsibility (as if they give a damn). Top Reply Author: WillP -- Date:2000-08-14 13:05:42 Subject: I Thought Of You... ...when i called de Beers about USAians. And Sophie was pissed at me because she (and others on this thread) claimed it was only DB who screwed US investors, not BOD. Now the BOD can't claim non-responsibility (as if they give a damn). Well, I remember that. Of course, when I talked to her about it, she said that it was De Beers' action, not Winspear's and that applied whether or not the company recommended accepting or rejecting. She's right, of course. However, speaking entirely on my own behalf, it's truly a sad day to see $5 as the best offer (so far) possible - and one that U.S. citizens basically "get screwed" out of the commission costs, and any possible vigorish that the arbs demand. Right now, that's an additional seven cents. Some day, when things die down, I'm going to post the Street Wire that I had my finger on the "SEND" button for at about 6 a.m. PDT. when the halt notice came over the wires. I spent the entire weekend digging and digging - and had a classic argument to refute the latest comments by De Beers - using their own words, I might add. C'est la guerre. WillP