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Gold/Mining/Energy : Bema(Bgo) and Arizona Star -- Ignore unavailable to you. Want to Upgrade?

To: the Chief who wrote (8138)	10/29/1997 12:16:00 PM
From: 9mm	Read Replies (1) \| Respond to of 10482

Chief,it would be a private placement resulting in further dilution. Clive has effectively screwed shareholders,either hold for the long term or sell now for a loss.No problem for him and other insiders sitting on options.Wasn't any other majors interested in a deposit this size?As usual we'll never know because companies like BGO keep info private for thier ultimate benefit not public shareholders. I'll never invest another cent in companies that withold info from shareholders.These guys are morally bankrupt and don't give a s*** about the little investor.Who knows if shares of PDG changed hands under the table to make this one doable? Regards Brian

To: the Chief who wrote (8138)	10/29/1997 1:27:00 PM
From: IngotWeTrust	Respond to of 10482

I believe I'm correct when I state it's customary for the directors or the CEO to sell a block of their "free" shares (from the options granted in earlier days) in deals structured like this. And it is also customary for the brokerage firm (read "investment bankers") who helped structure this deal to get a chunk of free trading shares as their "fee" at the same time. And don't let Terry or anyone else tell you investment bankers weren't involved in this partnership negotiation. He hasn't been around long enuf t'know how this stuff operates. Bottom line...a new chunk of selling pressure from these concurrent share exchanges. Thx fer writing. O/49r