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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?


To: Terence Mitchell who wrote (1842)12/9/1997 10:36:00 PM
From: Jimsy  Respond to of 11676
 
Terrence - I understand kanacrap did some similar fancy financing on Cypress- can you summarize.



To: Terence Mitchell who wrote (1842)12/9/1997 10:39:00 PM
From: UNDERTAKER  Read Replies (1) | Respond to of 11676
 
Hello Terence, I guess what Surething is sayin is that without Canaccord or Yorkton there would be no penny stocks or spec. market. These guys take great risks to underwrite up and coming issues and yes just like you and me there objective is to take out profits A.S.A.P.

Without these guys around, Do you think that the big brokerage houses would take a chance on the next Donner, Cross Lake, etc.

UNDERTAKER



To: Terence Mitchell who wrote (1842)12/9/1997 11:41:00 PM
From: c.r. earle  Read Replies (1) | Respond to of 11676
 
Terence,

Just thought I would add some further fuel to this collective ire regarding these so-called analyst's.

To those of you defending these guys, my how quickly we forget. Remeber CWA, and who was doing the financing, getting a load of cheap shares for themselves and then peddling them for all they were worth, and then were also involved with some ownership as well, yes good ole First Marathon.

And when the story broke, it was oh well maybe we shouldn't have done that and we will investigate (something like 6-7 brokers were involved). I am sure they were heavily penalized, (hear the sarcasm?!)

Risk you say. What risk? When they finance a junior, most of the buying public does not know about it. And while they are issuing buy recommendations they are blowing out inexpensive paper. And what about these ridiculous insider trading laws, not having to report till long after the fact. What the hell is that all about. I do not mind someone making money, but why not have it on a level playing field. Terence is right, these people (most) work and thrive on the adage buyer beware and 'a sucker is born every second'.

Unfortunately another adage applies here, and it is a sad state of affairs in acknowledging this, but 'if you can't beat'em, join'em!

Regards



To: Terence Mitchell who wrote (1842)12/10/1997 12:01:00 AM
From: Feline  Respond to of 11676
 
When I was a much younger woman my husband Jack and I went to Las Vegas for a holiday. I had a few too many martinis and went out into the parking lot for some fresh air. I walked quite a long way and then looked back at the then new MGM Grand Hotel. It was a fabulous and huge building. I marvelled at it. The first thought that went through my head was "I wonder who paid for it?" Duh! I've been back a few times since and have yet to leave with more money than I started with. The casino has never mislead me about my odds. They will even tell you if you ask. Then you can decide to play or not. But, the problem in the spec markets is that people who play by greed don't ask the right questions and the companies don't disclose information properly. And they won't unless pressed. The game is weighted to the insiders and the "purveyors of knowledge". Canaccord has nice offices but not as nice as Teck Corp where things are fairly opulent. Somehow, Teck gets respect and admiration yet is in the same game as Canaccord. And, incidentally, Graeme Currie is a very nice person but not the rocket scientist assumed. He is not a geologist but Andrew is.