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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: bearcub who wrote (23095)	10/29/2003 10:57:08 AM
From: Eldon Slife	Respond to of 39344

Bearcub My suggestion for you would be to subscribe to Claude's excellent newsletter as I am sure many of us here do. By subscribing you support the work of Claude and his staff. Without this financial support Claude would not be able to do his most excellent work. As any here can tell you it would be money well spent. His picks have been very good to me. Eldon Slife

To: bearcub who wrote (23095)	10/29/2003 11:16:08 AM
From: Claude Cormier	Respond to of 39344

<Someone told us for a financing to be priced to the investors the stock has to trade at a certain price for a certain length of time and then the investors get a discoutn. > It is true that private placement (brokered or non-brokered) are almost always done at a discount to the average stock price of the last 30 days (maybe lss than 30 days in some occasion). The discount is usally 10%. But stocks price movements after the 30-days period will have an effect on the discount percentage. It is legal. Usually investors who participate in this placement get the discount to compensate for the fact that they must hold the stock for several months before they can trade it.