Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?

To: Brian Pastor who wrote (3414)	4/9/1998 6:54:00 PM
From: gtoland	Respond to of 4571

Check this out. Pursuant to Amendment No. 2 dated as of March 30, 1998 to the Exploration, Development and Mine Operating Agreement dated November 20, 1997 between the Company and Sterling Mining LLC and Volcanic Resources, LLC, the Company has agreed that through January 31, 1999 should the Company effect any private placement of shares or issue shares under Regulation S (other than with respect to the securities described above), than such shares shall be restricted and limited in trading and transferability such that the shares cannot be freely traded, transferred, sold or assigned on any market or in any manner for a period of one year from the closing date of such transaction. In addition, the Company has agreed that from February 1, 1999 through December 31, 1999, the Company will not effect any transactions involving shares of stock of the Company pursuant to Regulation S. I do not think they are restricted Gary

To: Brian Pastor who wrote (3414)	4/9/1998 6:57:00 PM
From: Phoenix	Respond to of 4571

Well that sounds a little better, Brian ... but what I would like to know --- is --- Who owns this "Certain Virgin Islands Corporation"? Is the a way to move a significant portion of BCMD ownership offshore?

To: Brian Pastor who wrote (3414)	4/9/1998 8:41:00 PM
From: Marie A. Choate	Read Replies (4) \| Respond to of 4571

Brian, You wrote: " It also does not appear to increase the number of shares outstanding either." I sincerely hope that you are right in this regard, but I think it sounds like they issued 5,000.000 new shares (at roughly half the market value), plus warrants for 5,000,000 more at 65 cents a share. Someone please correct me if I am wrong. I thought the Sterling deal took care of the money problems - does anyone know what this money is to be used for? Maybe an extra set of liners, since it seems to take a very long time to get delivery on them? It really bothers me that BCMD management is willing to sell these shares for 30 cents. Is that what they think the company is worth? Brian, please don't think that I am attacking you. In fact, I hope that your interpretation is correct. I just want to understand what this action means to the existing shareholders. And I, too, would like to know who the "certain Virgin Islands Corporation" is/are. Maybe Lionel can answer that one.