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Gold/Mining/Energy : Montello Resources -- Ignore unavailable to you. Want to Upgrade?


To: Rocket Red who wrote (2038)3/29/1998 5:02:00 PM
From: Joe Sing  Read Replies (1) | Respond to of 4256
 
Red, when you say something inflamatory like that, you owe it to everyone to explain how you 1) came by the information, and 2) how you drew a conclusion from it.

In my 1959 post I explained to Smokey (1953) how Patrick Power's "sale" of 200,000 shares was, in point of fact, a cross to Canaccord so that he could subscribe to the company's private placement (1 share plus a warrant).

It seems to me quite logical that Ms. Davies did the same thing and, apart from it being an abandonment of the company, it could be considered a vote of confidence.



To: Rocket Red who wrote (2038)3/29/1998 5:45:00 PM
From: JP  Respond to of 4256
 
<<Jeannine Davies has sold more than 500,000 shares to march 27/98 good to see the insiders make money.
doesn,t look like she cares about real shareholders
fills her pockets and leaves you holding the bag>>

Red, nothing was stopping you from selling your shares at 85 cents. Ms. Davis has had no way of knowing the outcome of the drilling except in the last 5 weeks -the stock hasn't done well in that time anyway. The bag -you are holding- is worth what you want it to be worth. Buy more at 40 cents - then sell at 60 cents and you will have done well. JP