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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Al Collard who wrote (5139)	11/28/2001 10:23:45 AM
From: hx4	Respond to of 11802

RE MGI : 1.10 to 1.20 ABOVE the 90 day average -- important word to get because in the first release it said AT 1.10 to 1.20. Harry biz.yahoo.com Wednesday November 28, 9:25 am Eastern Time MGI Software says in talks with unnamed buyer TORONTO, Nov 28 (Reuters) - MGI Software Corp. (Toronto:MGI.TO - news) said on Wednesday it is in talks with an unnamed buyer but could not say if a deal would actually take place. The Toronto-based software company said in a statement that it is currently negotiating a sale with a price in the range of C$1.10 (69 cents) to C$1.20 per share, above the company's 90 day average of 92 Canadian cents. The shares, which have traded in a 52 week range between 53 Canadian cents and C$11.75 closed on Monday at C$2.04 on the Toronto Stock Exchange. The stock was halted on Tuesday pending news. ``That there can be no assurance that such an agreement will ever be reached,'' MGI said. ``Even if an agreement is reached between the parties, there will be a number of conditions that will be required to be satisfied prior to the completion of the transaction, including obtaining shareholder approval.''