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

To: Claude Robitaille who wrote (132)	1/26/1998 10:29:00 AM
From: philip trigiani	Respond to of 197

Looks like this plan should satisfy everyone. The board is placing a market value of SGV @ .20/share and KWG @ .40/share, the rights work out to .10-.11/right value convertable into equivalent SGV or KWG shares.

To: Claude Robitaille who wrote (132)	1/26/1998 11:32:00 AM
From: Bill Jackson	Respond to of 197

Claude. I think most commercial creditors will refuse. If enough crony owned debtor companies vote for it, it may fly. I would want the previous manglement(yep, they sure mangled things didn't they) out of all positions. Icelandic should call the police. If they ask for a SH vote by all and suppress the insiders vote I think they will get to remove the dead wood that did this. If not then the insider blocks will vote for this whitewash. I would like to see all responsible parties stripped of their votes and shares, with the residual value devolving to the shareholders, who would then elect a new slate to run it. The company will neve again get credit/credibility or good properties offered until the old boys are gone. Bill