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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Crocodile who wrote (5072)	5/17/1998 9:48:00 AM
From: Kerm Yerman	Read Replies (2) \| Respond to of 24921

Darwyn - D.P. - all / Startech Energy Took a while, eh crocidile. Thanks for the info. Got a question for those knowledgable about trading patterns. If you work for an exchange, e-mail me your response. Trading in shares of Startech prior to the 3 major block trades sent price to 52-week low. Questions Is it safe to assume that a pre-determined target price of $5.15 to $5.25 for exchange of block trades had been pre-established. Once the trades were complete, shares moved up $0.10. Is that an indication that once the block trades were out of the way, shares would then take normal course resulting from trading activity which in turn would be a rebound upward movement. All 3 blocks were internal - meaning buyer/seller were the same. Griffiths was responsible for 600,000 shares. This would appear on the surface to me that the house has sold shares and are distributing to their clients. Is that a good guess? Also, there was an over-allotment of 500,000 shares in relation to the very recent equity offering in which Griffiths (along with FirstEnergy) participated. I'm not familiar with over-allotments, but feel somehow they may be related to these transactions. SEDAR has info but has to be reviewed with WordPerect, which I don't have. If anyone has WordPerfect, please go to SEDAR and copy the over-allotment description related to the offering and post here. Puzzling to me is the offering by Griffiths was at $6.50 and block trades by Griffiths occured at $5.15. How is this tied into the picture? Peters & Company was involved in the first block transaction. Don't know how they are tied into the overall picture. Possibly they served as the financial advisor for one of the companies acquired by Startech in the near distant past. If any of you are a client with Peters or Griffiths, you can probably get an insight as to what is happening here. If you can get some info on the reasons behind these transactions, please e-mail me. I'll post thereafter without disclosing my source. The below is focus on trading before and after the block trades. 15:01 5.25 -0.55 70 039 Midland 002 DS EC 14:50 5.15 -0.55 506600 074 Griffiths 074 Griffiths K 14:34 5.25 -0.45 100000 074 Griffiths 074 Griffiths K 14:34 5.35 -0.35 1500 080 First Marath 039 Midland K 14:32 5.15 -0.50 51 039 Midland 002 DS EC 14:23 5.20 -0.50 600 036 Latimer 002 DS K 14:07 5.15 -0.55 250000 077 Peters 077 Peters K 13:17 5.30 -0.40 100 019 Desjardins 006 Union K Of course, there is also Startech who probably is privy as to what is happening here also. REFERENCE: SEDAR techstocks.com Note that there are 2 listings for Startech Energy - one is inactive. Info is contained in the other listing.