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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA) -- Ignore unavailable to you. Want to Upgrade?

To: Blue who wrote (4722)	4/3/1998 1:06:00 PM
From: Famularo	Read Replies (2) \| Respond to of 7966

>>>PUG has no credibility, that is apparent from the market's treatment of the stock. One of these days that will change, won't it? <<< Historically, Pure Gold Minerals have emptied many pockets and have a bad reputation. I know of many people who like the stock, in contrast there are many people who would never buy it even if they find a 2 carat stone. They make statements that a reverse consolidation is for the best interest of the shareholders and then the stock comes down to lower prices, which was expected with most reverse splits. A public comment was made by myself on SI and to Pure Gold's Management that the timing of the spilt was not good for the stock and its shareholders and if financing was needed, fund it with the previous structure. Obviosly, I didn't have enough shares to control and contribute to that decision. After the split, a Cayo principal is accused of bringing down the stock by selling tons of shares filling his own pocket. I also had heard a 'rumor' and I can't confirm, is that another principal from either Cayo or Pure Gold was selling tons of stock a few weeks ago with broker Dominick, 031. This is not an accusation but a rumor. Options are granted so they can be exercised therefore it is a difficult argument. I have so most respect for Pure Gold's management for trying to make it work for the shareholders but I don't agree with all their strategies. I do believe that the stock is fundamentally inexpensive, (.19 cents pre-consolidation) and the technical charts have it as a bear flat on its back ready to technically waiting for that permanent upward run up the mountain. Somehow, something is keeping it down and there isn't much we can do. The current rights issue seemed like a good deal to me and have not yet decided what and how much I will exercise. What I would propose to Pure Gold Minerals is to look at an extension to the rights closing from April 9th to a later date. IMO, with all the events occurring in April, you are buying more time to close this deal. Of course, if the events turn out to be sour, than the extension was a waste. The success to this rights financing will be a stake in the ground for any future financing Pure Gold intends to do. If anyone want to debate/contribute to this discussion, lets move it to the Pure Gold thread.