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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies. -- Ignore unavailable to you. Want to Upgrade?


To: Robert V. Cavaleri who wrote (27414)10/28/1997 7:14:00 PM
From: Eashoa' M'sheekha  Read Replies (1) | Respond to of 28369
 
Enjoy!!

Subject 14856



To: Robert V. Cavaleri who wrote (27414)10/28/1997 11:53:00 PM
From: d.clarke  Read Replies (2) | Respond to of 28369
 
Robert,
It is the position of the BSR Group of Shareholders that class-actions suits as a solution to Bresea complaints against management are a waste of Bresea and thus Shareholder assets. We are suggesting to all Bresea Shareholders that they withdraw from direct participation in any class-action suits which include Bresea as a defendant. We believe that ALL Shareholders would be better served by replacing management and creating a viable, productive and growing company (which would be able to sue past directors and insiders for participating in any illegal insider trading). We have been in contact with most of the lawyers involved in these suits and are requesting that they give serious consideration to our plan for Bresea. In addition we are suggesting that Bre-X and Bro-X Shareholders follow a similar course of action. I know many of you are both BSR and BXM shareholders so if we decline to sue ourselves we will all be better off.

Respectfully,

Don Clarke
Chairman, Executive Committee
BSR Group of Shareholders

e-mail: dclark1@telusplanet.net
fax: (403) 767-3933



To: Robert V. Cavaleri who wrote (27414)10/29/1997 11:26:00 AM
From: IngotWeTrust  Read Replies (2) | Respond to of 28369
 
I'll step up, Robert, & share what I know: News hits t'net's thread quicker than it hits t'presses, esp. down here in the states, ok?

So....
if
1)t'lawyers R successful, this thread'll tell us so.
2)they're successful in reaching into Brokerage house assets for settlement, then hell, I may even join in the fun.
3)basically t'lawyers are the only ones to get rich, then I'll weigh my $0.02c per share recovery against the PIA of filling out paperwork to register my claim & photocopy confirm slips against what the NET TO ME recovery amt. would be, and then decide whether or not it's worth t'paperwork hassle.

How does it work?
Well, first of all, if previous experience in class actions suits is appropo...
someone will post on here that:
1)Legal firm XYZ succeeded.
2)Address of said legal firm.
3)Instructions as to what forms to ask for and what proof to furnish.
4)Deadline date by which to furnish proof and completed forms.
5)Then you wait for winning law firm to cut the check from their trust account.

Anyway you look at it, Robert...
forget about this for about 5 years the way I figure it...
then chk this thread for any news.

There still will be a thread.
And Don Clarke's piddly group will still be crowing and blowing.
Otherwise...forget about it until it happens.

OR....Tell y'what...
Ask someone you trust on the thread to keep your e*mail address in their computer address book and notify you when the dust settles.

Good investing...(say in CSN!)
O/49r

PS...expect t'hear the clarke group pop up and take a shot at my reply...doesn't change my experience or understanding of how the process works...nor does it change the fact, I stood up and provided you the first reply to your great question!