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Gold/Mining/Energy : YBM Magnex Intl Sees Revenue Growth 30-35%/Yr In MagnetOp -- Ignore unavailable to you. Want to Upgrade?

To: Adrian du Plessis who wrote (107)5/18/1998 5:52:00 PM
From: Mr. Forthright  Read Replies (1) | Respond to of 314
 
<<You've hit upon a key question - are these industry players inadequate or negligent in their due diligence procedures? or do they just not tell the public what they find if it doesn't suit their cheerleading roles?>>

As you know the answer is: competition, favours, lack of controls. The competitiveness in the mutual fund industry is such that mistakes are likely to happen as they have been happening lately. My guess? Some real s..t will happen one day. That will bring some much needed changes to the industry. Until then some guys will keep cutting corners.



To: Adrian du Plessis who wrote (107)5/18/1998 10:07:00 PM
From: robert west  Read Replies (2) | Respond to of 314
 
The fact that Mr. Bogatin will not provide any answers to your questions is very telling. The news release they sent out May 12 or so in which they implied that their auditors were being silly for refusing to provide an unqualified opinion was very misleading. Not a word about the serious concerns that had been raised. Investors are entitled to some answers from the company, and the sooner the better.


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