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Gold/Mining/Energy : KWG Resources (KWG - T) -- Ignore unavailable to you. Want to Upgrade?

To: keith schaefer who wrote (98)	12/3/1997 1:48:00 PM
From: Bill Jackson	Read Replies (1) \| Respond to of 197

Keith; Have you hear about the flap where a number of investors bought KWG with a put that was placed with the company? They think they are safe with a known put, however when put comes to shove their broker says that the company is broke. So this is a scam where the crooks get the put fee, and can also short it. I suspect the broker is on the hook along with the exchange for these puts as they are the home of last resort. It will break some small brokerages if they do not have coverage. Bill