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Gold/Mining/Energy : Whitegold Resources Corp (WGO) Asset Rich, by any measure -- Ignore unavailable to you. Want to Upgrade?

To: robwin who wrote (230)	11/25/1997 7:00:00 AM
From: Francis R. Biscan Jr.	Read Replies (1) \| Respond to of 378

>>I do no know what he plans to do with his shares. Without seeing the actual BCSEC order, I do not know the basis for the 180 day period for the sale of his shares.<< Rob.........I do not know what he plans to do either. I believe the purpose of 180 days to sell, is so it does not become an instant freezing of assets. One could potentialy go bankrupt if that were the case. This gives him 180 days, if he so chooses, to sell some or all of any VSE listed stock. >> The press release is silent as to what happens if his shares are not sold within this period of time. << I believe he then can not sell them until the restriction is over. I would imagine ( Not sure ) If a tender offer was made for the company, he would be aloud to sell with the rest. >>I do not know if he has been a net buyer of the stock as you suggest, if he has, it certainly hasn't sent the price through the stratosphere.<< Well.....If it were me, I would not by in such a way, as to send it through the roof. This is tax loss season and many are willing to part with their shares cheaply. Also, we do not have the ingreediants for and explosion, IMO, which are a full feasibility and a permit. If he chooses to give us stock at these levels or lower, I would welcome it. Have a good day, Rich