To: Dave Gore who wrote (3214 ) 5/24/1998 10:12:00 PM From: Andrew H Respond to of 34075
>> Wouldn't CNBC's coverage be skeptical and tank the stock? They have been negative in the past of any BB stock that is hyped like this.<< That was my first thought. But they might invite the CEO on and he could provide them with the facts. Who knows? See exchange2000.com and exchange2000.com for some thoughts on this. As far as the SEC goes, this was management's recent response. You can decide for yourself what you think of it. My personal opinion is that with the SEC watching them, they would not have made the statements they did on Friday unless they were quite sure of what they had. DENVER--(BUSINESS WIRE)--May 12, 1998--Golden Eagle International, Inc. (OTC Bulletin Board: MINE - news) announced today that, in regard to the recently filed civil case by the Securities and Exchange Commission, the Company has been aware of and active in settling the case for more than two years. The Company believes it has reached a settlement agreement with the SEC and that it will be submitted to the Commission for approval in the near future. In addition, the Company stated that Ronald A. Knittle resigned as Golden Eagle's president two years ago in May, 1996, and Timberline Consultants, Inc. has not represented the Company in over two years. As stated in the news release issued by the SEC, no penalties are being sought against Golden Eagle by the SEC. The Company continues to move forward with its gold mining and exploration operations in Cangalli, Bolivia. According to Golden Eagle president Terry C. Turner, ''these allegations represent actions from more than two years ago. In the two-year interim since the alleged activity by the Company's officers, the Company's new management has diligently sought to issue accurate information. The Company will, in the near future, file a Form 8-K periodic report addressing the issues raised by the SEC's filing.''>>