Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?

To: DDS-OMS who wrote (652)	10/29/1997 6:37:00 PM
From: Martin Wormser	Read Replies (1) \| Respond to of 4571

Just got a Press release from BCMD. The Union Newspaper to Print Retraction. The Union said the long term debt was 28 million. It is $362,000. Beat you by seconds, Tech. martin

To: DDS-OMS who wrote (652)	10/29/1997 6:38:00 PM
From: tech	Read Replies (1) \| Respond to of 4571

NEW NEWS FROM BCMD. This should be good for BCMD shares tomorrow. Wednesday October 29 5:18 PM EST Company Press Release The Union Newspaper To Print Retraction GRASS VALLEY, Calif.--(BUSINESS WIRE)--Oct. 29, 1997--Brush Creek Mining and Development Co. Inc. (NASDAQ:BCMD - news) today announced that The Union, a Grass Valley-based newspaper, will print an article on Oct. 30, 1997, retracting certain statements and clarifying others it made in an article which appeared in the newspaper on Oct. 27, 1997. The Union stated that Brush Creek had $28 million in debt. In fact, the company's long-term debt is $362,000. In a letter received by Brush Creek from The Union, the reporter responsible for the story stated, '' ... I, however, am solely responsible for the misstatement mentioned above, and I extend my deepest apologies for the mistake.'' James S. Chapin, CEO and chairman of the board, stated, ''Because the market price of Brush Creek shares was adversely affected by the misstatements, we felt it necessary to issue a correction.'' He added, ''Our mining at the Lower Brush Creek continues to produce profitable ore as we make our way to pillar No. 4. Further, we continue to work diligently to arrange and conclude a joint-venture agreement with a partner, structured in a way that we believe would enhance shareholder value.'' I think this is really good, because I'm sure a few million people thought that BCMD had huge debt. Tech