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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Jackson who wrote (28708)	11/30/1997 12:12:00 AM
From: E. Charters	Read Replies (7) \| Respond to of 35569

HEADLINE, THE FINANCIAL POST, DECEMBER 1 1997 *KWG TRIES TO TRACE LOST $21M AS ANOTHER UNIT FILES FOR CCAA* Apparently Pierre Gauthier's formerly high flying companies are seeking court protection against creditors. They are seeking the mysterious signators who transferred 21 million from two innocent companies into KWG'S accounts to develop a gold mine somewhere in the Kamchatka Peninsula ... I am sure they suspect someone. Gauthier's companies raised 141 million in 1996. Nobody seems to know where the money went. KWG's shares traded for as much as $17.00 last year. Despite spectacular results with Falconbridge as the operator in Cuba the shares had drifted to 40 cents. KWG is currently delisted by the TSE pending a clarification of the situation. Bernie Cornfeld wishes the shareholders of KWG and IPMCF a spectacular holiday season from his cell in San Quentin. Bernie had this to say: "Pierre, Everybody, remember it is fitting at this time during the most holy of seasons that we remember the single greatest factor that is the binding energy so to speak of financial capital gain and the stock market, and that is the one every welling quality of the investor, and that quality is faith." He added: "If it were not for lack of this magic quality I would not be incarcerated today." echarter@vianet.on.ca