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

To: mabiba who wrote (26634)	10/24/2003 11:19:55 PM
From: upanddown	Respond to of 206084

Mabiba The most important point about this PGO rights issue that I hope every holder understands is that there are only two sensible options and those are sell or exercise. Holding and not exercising is OK if you want to see 75% of the value of your investment evaporate overnight. I wonder if these brokerage employees understand what they are talking about when they mention "risk of non-execution". A holding of 10,000 shares is currently worth $12,000. If all other pricing remains the same until the old shares are exchanged for the new, that 10,000 share holding without exercising their rights would be worth approx $2,750, an instant loss of $9,250. Multiply that by 5 for your holdings and 13 for mine and brokers are talking about "possible non-execution"? They had better execute or they will be facing instant lawsuits. All holders need to remember that the company insiders who have "underwritten" this rights issue will be more than happy to buy any unsubscribed shares at less than 50 cents on the dollar. CAVEAT EMPTOR John