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Gold/Mining/Energy : CANADIAN OVERSEAS EXPLORATIONS (CVC.V) -- Ignore unavailable to you. Want to Upgrade?

To: R.A.K. who wrote (80)	1/13/1998 10:42:00 AM
From: Pierre J. LeBel	Respond to of 113

To the best of my recollection, the D.T. group had accumulated over 2,000,000 shares (about 8% of CVC) as of last August before Rook left for China. As the stock has been suspended since last Fall, one must assume that the group still controls these 2,000,000+ shares. The plan at that time was to target at least .10 (double the original cost of .05) which represents $ 1.00 per share after consolidation. I do not expect anyone in the group to sell for less than $ 1.00 since the tax selling season is over and there is no advantage in selling at this time or in the near future. Let the new management promote the stock and sell it AFTER it has been promoted by them, not before. In the meantime, buyers are coming in: 400,000 bids today at .02 with very little for sale. Good luck to all. Have a very nice day. Pierre