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Gold/Mining/Energy : Pure Gold Minerals (PUG)-TSE -- Ignore unavailable to you. Want to Upgrade?

To: Jamie who wrote (563)	4/29/1998 11:20:00 PM
From: ddl	Read Replies (1) \| Respond to of 1030

So what's the damn deal here about this type of offering being "better" for the shareholders. Hello.... To get the rights you must have owned shares of the Co. as of a certain date. As a matter of fact you had to own 8 shares for each 1/2 warrant. The more shares you own, the more warrants you can get. If what you say is right, then all I had to do is buy 8 damn shares (1 maybe), and subscribe for as much as I want for the oversubscription and get the warrants for free? Each warrant cost shareholders of this shitty Co. $2.00 for every 16 shares they had, then joe anybody comes along and picks up all the warrants he wants for $1.00 and needed not have more than $8.00 invested in this Co. That's crap in my book. Someone is sitting on a lot of warrants they don't deserve and will just dump them for whatever as they did not cost them anything. - denis