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 : CEAPRO INC.----CZO -- Ignore unavailable to you. Want to Upgrade?

To: fivedollar who wrote (9)	5/2/1998 9:25:00 PM
From: PJ	Read Replies (1) \| Respond to of 53

Any thoughts?? CEAPRO INC. - CANAMINO INC. SHAREHOLDER MEETING CALLED Standard & Poors No.12G Reg.823486 EDMONTON, May 1 /CNW/ - Ceapro Inc. (''Ceapro'') (ASE: CZO) announced today that it has called a meeting of the shareholders of Canamino Inc. immediately so that Saskatchewan Government Growth Fund (SGGF) can assume control of the Board of Canamino Inc. This is a result of actions taken by SGGF, March 27, 1998. Ceapro took this important step in the interest of enhancing the future growth of Canamino, and in the interest of the shareholders, creditors, and employees of Canamino. During the period after March 27, 1998, Ceapro has continually attempted to resolve the issue with SGGF in the interest of completing a financing. SGGF has advised Ceapro that it also concluded a ''Memorandum of Understanding'' with Can-Oat Milling. The SGGF action has clearly left Ceapro with the only course of action, that of calling a shareholder's meeting of Canamino Inc. so as to protect the Canamino business. Ceapro has invested a total of $14.2 million in common shares of Canamino and as of March 31, 1998, had advanced a further $4.5 million in cash advances to Canamino Inc. The total of $18.7 million has been used for the construction of the plant, the commercialization of the technology, and the development of the business. Prior to the calling of the shareholders meeting of Canamino Inc. and as a result of the precipitous action by SGGF, the following Directors of Ceapro resigned: R. L. Phillips, Dr. Wayne Schnarr, Dr. D. L. Modry and Donald Gainor. An interim Board will be appointed until the shareholders meeting when a new slate of Directors will be presented to the shareholders for approval. - The ASE has neither approved nor disapproved of this release.

To: fivedollar who wrote (9)	5/29/1998 1:09:00 AM
From: John B. Jones	Read Replies (1) \| Respond to of 53

I am one of those old Vexco shareholders, and I am also (foolishly) a trusting sort. This stock was brought to my attention by the executive assistant of one of the most influential investment advisors in Edmonton in March 1996. The numbers strongly mentioned were an 8 fold growth. To this point I have lost 70-80% of my value. Thankfully, it is money I do not need - simply Speculative funds (NOTE the capital 'S'). It's not worth my time and effort to dump them, so I wait. Can anybody tell me why I should wait, and not convert my shares to stock certificates and wallpaper my basement? Can anybody tell me just what the hell this company is doing, besides making shampoo for Japanese dogs?