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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU) -- Ignore unavailable to you. Want to Upgrade?


To: Bubba1008 who wrote (1776)6/3/1998 1:04:00 PM
From: Dave V  Respond to of 5143
 
There must be very good news coming <vbg>

It looks like this will be a good tax writeoff at the end of the year



To: Bubba1008 who wrote (1776)6/3/1998 11:47:00 PM
From: GlobalMarine  Read Replies (1) | Respond to of 5143
 
I punched out of MGAU when the IPM debacle surfaced. Why it sems certain that gold exists in the cindercone, the lack of cash combined with difficult mineralization (difficult to drill and grind, for one thing) made me feel like deploying my speculative risk capital elsewhere. But I wish MGAU and its shareholders well, nonetheless.



To: Bubba1008 who wrote (1776)6/7/1998 2:00:00 AM
From: Larry Brubaker  Respond to of 5143
 
"What gives now?"

Share price decline may be due to the fact that IPMCF owns 1 million shares, which is their only liquid asset. IPMCF's current liabilities far exceed its current assets. It may be selling MGAU shares to pay its debts.