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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Webster Groves who wrote (12447)	8/23/2002 2:20:24 AM
From: CpsOmis	Read Replies (1) \| Respond to of 206328

Webster....Paranoia??? PARANOIA? What is to keep Sinochem from buying controlling interest in PGO for 60 million and reworking the deal to sell themselves Atlantis for one dollar...then dumping the shares later? Or some other unscrupulous group from stripping the company clean by grabbing the assets they want and then going BK... I guess the question is who holds what blocks of stock in what quantities and the level of control.. FWIW.... Cosmo

To: Webster Groves who wrote (12447)	8/23/2002 11:04:09 AM
From: Archie Meeties	Respond to of 206328

Websta, It could be sheik alakazam or whoever, but it also could be his broker. Or it could be people close to the sale - hard to keep something like that quiet. It couldn't be the insiders because the rules on insider trading prohibit them from round tripping over the course of a few weeks. So, in fact, the insiders can't sell quickly, or IOW, their buys are what we would call long term buys (at least lt for this board). If we can look several months down the road to when the insiders can exit their buys, we'll likely see a profitable pgo who has refinaced debt, sold atlantis, and whose backlog is robust.