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Gold/Mining/Energy : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?

To: Quickdraw who wrote (8627)	2/10/1998 2:18:00 PM
From: Bill Jackson	Read Replies (2) \| Respond to of 14627

Rick, I am glad to see I made it to the Globe. I missed it myself, and he did not send me a notice(unless I get it when I get home) Here is the full text of my letter to him. Bill Mr Willis; ÿÿÿ In this electronic era it would be simple to tag the certificate numbers of all insiders as they exist in the brokers vault. Such a certificate when sold would generate an immediate notification to the trading system and this could be listed immediately with trades of the corporations shares on an online basis. To implement this there would have to be a general accounting of all shares as of a certain date held by insiders. After that all certs issued to insiders would enter the system and no street form certs would be permitted to be held by insiders. I can see an easy implementation of this system as there are usually only a few insiders at each company compared to the thousands of other shareholders, and the computational task would be trivial compared to the volume of other trades. I can foresee a time when you ask your broker for a quote and he can give you a report that the bid-ask is $12.45-$12.50 and 427,000 shares have traded and 12,000 insiders shares were bought/sold by J Smith. We can do this now. I would suspect it could be implemented within a week. The only bottleneck would be the legacy task of getting all the shares now held by insiders into the system. Once that is done, a painless and automatic system would be in place. As they say, I want to know exactly whenÿ "Elvis has left the building", in other words exactly when the insiders buy/sell. I am an insider(Director) of a small company, Davidson Tisdale Ltd, DDTS, now sitting at 6-9 cents in the wake of gold's fall(as high as 30 cents last year), and I would have no objection to such a system, nor can I see any insider ,who is honest, having any objections. Bill Jackson