Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM -- Ignore unavailable to you. Want to Upgrade?

To: kimberley who wrote (3362)	12/16/1997 1:23:00 AM
From: Larry Brubaker	Read Replies (1) \| Respond to of 11603

Kimberley: Phoenix/Omega received 1 million IPM shares in about April or May which had no restrictions, to my knowledge. If no restrictions, they could have been sold any time since. They also received 3 million? shares as security for the $16.5? million cash payment (not counting all of the interest and penalties) which has yet to be made. Since the amended agreement between IPM and Phoenix/Omega expired October 15, and no new deal has been announced, it is also quite possible that Phoenix/Omega is free to sell these 3 million shares as well (if they already haven't).