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Gold/Mining/Energy : Wenzel Downhole Tools Ltd (WZL) - was Master Downhole -- Ignore unavailable to you. Want to Upgrade?

To: fivedollar who wrote (39)	6/16/1998 2:32:00 PM
From: Saverio	Respond to of 104

Fivedollar: I do not know about the rumour, but... The June 8 news release by Wenzel was issued "at the request of the Alberta Stock Exchange"...(when a stock goes up significantly, an exchange will invite a company to issue a statement to explain it; the company then states that it does not know why the stock went up, or it gives some possible explanation). In the case of Wenzel, they refer to 1) the financing and 2) the law suit, and they add: "there are no other material changes to the company's operations at this time". The question is: would this last statement exclude a takeover offer? My answer is: I don't know, but don't bet the farm on the rumour. Good luck! Saverio