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Gold/Mining/Energy : Pacific Galleon Resources -- Ignore unavailable to you. Want to Upgrade?

To: Mark Shrigley who wrote (407)	11/25/1997 1:04:00 PM
From: Bill Shugarue	Respond to of 443

By law, every company are required to hold an Annual General Meeting each calendar year. Whenever something occurs which cannot wait for the AGM, a company will call an Extraordinary Meeting. Apprently, the company are considering a share roll-back. Depending what the price is in February, it will be decided what the roll-back will be. If the price is still at 5 cents, then you could see a 1 for 10 roll- back. This means that for each 1,000 shares you own, you will receive 100. The share price would then go from 5 cents to 50 cents. Advance notice is required, so this is the reason they are planning now. If the price is 50 cents in February, it is possible no roll-back will occur.