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


To: patchman who wrote (30)5/20/1998 8:38:00 PM
From: Robert  Respond to of 405
 
The reason for the drop today had absolutely nothing to do with a end of the month maneuver, basically what I here was one person placed a market order to sell 30,000 shares. The Market makers took advantage of the situation drove the price down. Next time you call ask to speak with Marcus Johnson. He will gladly answer any an all questions he can.

Robert...



To: patchman who wrote (30)5/20/1998 10:19:00 PM
From: Robert  Respond to of 405
 
Well I was wrong after all heres a post off the AOL boards:

Subject: Re: For what its worth
Date: Wed, May 20, 1998 21:37 EDT
From: Alertline
Message-id: <1998052101372000.VAA04446@ladder03.news.aol.com>

We talked with a "good" market maker, Rich over at Collin Winthorp, he said he heard that what happened today was a 50,000 share sell out. For those of you who are not in the business, sell outs are what happens when someone buys a stock and then fails to pay for it, it can also happen in the event of a large margin call that cannot be meant. Nothing like throwing gasoline on a fire! I know, it made us just sick watching it too.
There's little I can say, a number of you have talked to Marcus Johnson with their Investor Relations after we sent out his number the other day. He told us yesterday he and another person from IGCO were going to Denver to meet with Bateman tommorrow (thursday). Unfortunately we will be out of town and can't meet with them. I encourage you all to stay in touch with these people, because although we are ass-deep in the stock, we only get the news when
we call too-- we have no secret "Alert Phone" that we can pick up whenever something happens. So if you got a question and want to talk to someone, go ahead and call, its your right as a shareholder.