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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: Bay Street Cat who wrote (10595)	7/21/1998 12:47:00 PM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 34075

FWIW the Form 144's are filed for the intent to sell and doesn't imply they actually sold yet (it also doesn't mean they haven't). It is more of a technical filing associated with private placements. Most private placements have restrictions that require the shareholder not to sell for a specified period. The certificates have this stamped on them. In order to remove the stamp from the certificates and make them eligible for trading you need to file an intent to sell.

To: Bay Street Cat who wrote (10595)	7/21/1998 1:10:00 PM
From: toma	Read Replies (1) \| Respond to of 34075

Form 144 - to add to what Henry stated...the shareholder must hold the shares for a minimum of one year. after one year, he or she must file the 144 to "free-up" the shares so that they can be sold on the open market. According to Guy Myrrel, the PR guy, many of GE's vendors and orignal investors were paid in stock because the company had no cash. It's not unusual for these folks to file the form once they are able, so that when the price looks good to them they can receive payment for goods, services or loans. If I am not mistaken, many of the company's empoyees are being paid like this. The company currently has 102+ million shares outstanding, with approximately 65 million still restricted. the float on the stock is about 37 million shares. One question I have is how are the restricted shares priced when they are "given" to the vendor (or whomever)...is it priced based on the share price at close that day? stay out of the heat! toma