SI
SI
discoversearch

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 : Northrich Pacific Ventures NPA:V -- Ignore unavailable to you. Want to Upgrade?


To: Ted Kosokowsky who wrote (7189)5/4/1998 1:11:00 PM
From: James Berg  Read Replies (2) | Respond to of 7431
 
<But what happened in the end?
They are held, so there was funny business, but what were they doing?

This worked because it was a good story. Did they disprove the Octopus, or was it
all bull.

WHAT HAPPENED?>

I managed to get in early, too, but didn't pull the trigger... :-(

When the large private placement didn't go through as planned, the plan unraveled as there wasn't enough money to go through with the full scale exploration. Some drilling was done and the results looked very promising, but much more drilling needs to be done to verify or disprove the existence of the octopus.

Apparently towards the end Ryan Henning was exercising options and selling the stock in an attempt to raise funds for the company, but in a way that must have broken VSE rules. I understand Ryan Henning was replaced and new management has a much better mining background.

The cease trade order was lifted, but NPA is still suspended and not trading. Time will tell if new management can pick up the pieces and make something useful out of this mess.

--James