To: whisky who wrote (2232 ) 6/20/2001 9:53:58 PM From: whisky Read Replies (1) | Respond to of 2402 Talked to the company, and they have been notified that some of the AGF funds are selling SOME of their position, not all, as some are speculating. They have said they will do it in an orderly fashion and that if they decide to sell further then George will line up some buyers for the remaining. Not sure how long this will take, but there should be an update on the Kenn deal and the summer program for Rocky Island, sometime over the next week or so. Was told he feels we are close. My gut tells me that whoever the broker(s) was doing the selling for AGF, went short and has since covered his position. Don't know about the ethics of that, but he did make money, while all of us have watched our already shrunk share price go even lower. Some here are happy the stock price is lower so they can buy some cheap paper, others like myself who own Global strategy funds with CNB and SWG in them are not. What can we do about it, well very little actually but you may choose to phone AGF and ask for Joel Raby (Canada Growth Fund), Martin Hubbes (Growth and Income Fund) or Bob Farqharson ( Gold Plus Fund). Maybe they will shed a little light on the recent trading activity. Personally as an investor of both scenarios, I am very dissapointed in their decision and wonder if in the near future their won't be a few job opening as a fund manager with AGF. In all honesty though, that's why people almost always loose money when investing in any mutual funds, no control over what a fund manager does. Who knows their reasons, it may be simply to feed their own personal, friends, or familys accounts. There certainly doesn't seem to be a lack of buyers showing up. One interesting note is that in all 3 funds which own CNB, there average buy in price is around 5 bucks a share, need I say anymore. Massie may have bought in a little to high, but AGF is selling way to low, very dissapointing as a fund holder of the last 6 years. Way to go fund managers, you bubbleheads.