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


To: IRVINESULLY who wrote (3607)5/5/1998 10:08:00 PM
From: gtoland  Read Replies (2) | Respond to of 4571
 
Gin,
This is a post from Phoenix. Just her thoughts. <GG>
MINE ALSO....
Gary

Lionel phoenix___(48/F/Chicago) May 5 1998
9:44PM EDT
I, for one, am deeply offended by your post and veiled threats. This is a public bulletin board where we all freely voice and discuss our opinions and information reguarding BCMD. Whether we choose to remain anonymous or not is not your concern. That is our right and priviledge on this board. There is no other way to have a discussion group then to "discuss".

It is unusual for the Investor Relations officer of a reputable company to appear on an internet bulletin board. It is much more unusual to have him appear and threaten to take "names and numbers" of those who post. VERY unprofessional Mr. Gosselin -- in my opinion. By the way, since you wish everyone "properly identified", why did you not identify your position with BCMD in your post. It was quite arrogant of you to assume we all just would "KNOW" who you are.

We enjoy our little board here. We often have differences of opinion. You are welcome to air your opinion here - although again, it is a little strange for a company offical to do so. But, in my opinion, you are certainly not welcome to appear here to issue threats in your offical capacity as a BCMD employee without even identifing yourself as such. A discussion group is exactly that -- we discuss our opinions here and we will continue to do so as freely as we wish.

I also take offense at the company public relations blaming the shareholders for depressed share value. This is a very low blow. Production of gold, numbers, and competent public relations will build share value in any reputable and viable company. These are things that are in the control and responisiblity of BCMD, not the shareholders.

Since you do obviously read this board --- perhaps you could post the answer to a few questions I have.

1. After the reverse split, BCMD will have about 5.5M shares outstanding? I believe this is a very small float to interest institutional buyers. Does BCMD intend to use the paid promo on the Morton Downey show to solicit instutional buyers and THEN ISSUE NEW SHARES to sell to them? This certainly would help BCMD raise more capital -- but would be a real kick in the teeth to us poor current "anonymous" stockholders.

2. Has BCMD received official notice from NASDAQ regarding pending delisting? I have heard the the company must close with a bid price of 1 or above for 10 consecutive days PRIOR to May 25th. A reverse split on May 12th gives only 9 consecutive days PRIOR to May 25th. Will the reverse split solve your delisting problem?

3. Is there any possible reason that the BCMD board of directors would WANT share value to remain low? Why would a CEO that is an ex-stockbroker be so inept at guarding sharevalue? What advantages are there to the company if the share price falls? If the company becomes delisted? I would say none, but with the occurances of the past year -- one really has to wonder!

Well Lionel, as you can see, I am quite angry --- along with many of my fellow posters -- who have also responded to you in a similiar manner. Actually, I did go back and edit out some of the really mean stuff, LOL. I do wish you well Lionel -- but again --- no more threats, please! This is a discussion board. And it is also the US of A --- you know, freedom of speech and all!

I realize that you are an employee and subject to the direction of Mr. Chaplin and others. Many of these things must certainly be beyond your control. My sympathies in this respect. You have a true "cannon fodder" position. They make the mistakes - you get the blame. I sure hope for your sake that you are paid in money and not in stock, like the Morton Downey show.

Sincerely,
Phoenix (who chooses to remain anonymous, by golly!)





To: IRVINESULLY who wrote (3607)5/6/1998 1:27:00 PM
From: Martin Wormser  Read Replies (2) | Respond to of 4571
 
Dear fellow screwed BCMD stockholders,

I have listed the last 5 years press release headlines. Please respond as to whether this scenario sounds familiar? Have fun.
1992

1992 Local mining company featured in Sacramento Business Publication
1992 BCMD names Koenig CEO
8\92 Wall Street Journal, BCMD and Kyrghyzstan deal

1993

4\93 BCMD mentioned in Wall Street Journal, Deal with Kyrghyzstan
5\93 BCMD recapproval for permit to construct additional sedimentation pond and receives Yorkton Securities Asset Valuation Report.

5\93 BCMD signs decree for joint venture with Kyrghyzstan
6\93 BCMD signs decree for joint venture with Kyrghyzstan and MK Gold
6\93 Lawson named new Chairman of BCMD
7\93 Gold production begins at Ruby Mine 150 tons\day increase to 225 tons

Fall 1993 Newsletter, Goal to lift 100 tons per day from Lowrey and 50-75 tons from the Black Channel. From 7\93-9\93 company ran 2,836 tons at the rate of 150 tons per day. Company should be able to run 3,000 tons per month in future.

1994

Spring 1994 Newsletter, $4.2 million settlement from MK Gold
Mechanical problems at Ruby mill. Record snowfall. 66 oz mined during winter. Upgrades at Ruby to be ready by April. $400,000 to spend to boost production to 150 oz per ton. (Thought they said that 7\93)

4\94 BCMD names new CEO
4\18 BCMD makes $400,000 in improvements at Ruby.
New CEO looks for profitability as early as July 1994.

Summer 1994 Newsletter, From CEO Jim Chapin, purchase 2 new ore trucks, Full scale mining won't begin until July1. Ruby to run ore 10 months per year.
"This is the year of no excuses for BCMD" Chapin said.

To be continued...

Love,

Martin