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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: Digrdug who wrote (33341)	4/18/2005 4:13:06 PM
From: Jim Bishop	Respond to of 34075

Skimming the 10K while having lunch. Pretty ugly. "At March 15, 2005 there were 624,439,672 shares of common stock outstanding." "We commenced joint-venture mining operations on property owned by an unaffiliated company in October 2004, but those operations proved to be uneconomical." Sheesh: "Also, there is a significant amount of our restricted stock overhanging the over-the-counter market. A significant market overhang is generally a characteristic of a volatile stock. Under SEC rules, no person may sell restricted stock into the over-the-counter market without first complying with the requirements of Rule 144 (unless there is an effective registration statement relating to the transaction – and Golden Eagle does not have an effective registration statement relating to any selling shareholder transaction). Oftentimes, shareholders wishing to lift the restriction on their restricted shares and sell them in the market must file Form 144 with the SEC and their names appear on the “Insiders Trading List” even though such persons may not be officers or directors of Golden Eagle. During 2004 we also believe that volatility of our common stock was increased because of manipulation by unknown parties in the form of illegal short selling."