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Gold/Mining/Energy : Westrend Natural Gas - I.D.E. Hot Stock -- Ignore unavailable to you. Want to Upgrade?

To: Leigh McBain who wrote (1525)	7/24/1998 3:50:00 PM
From: Wink	Read Replies (1) \| Respond to of 2011

Holding $2M of SKTX stock is only $2M if WRN sells the stock! Otherwise it is worth 435,000 shares of SKTX, which represents x% of that companies earnings. Therefore we not only get x% of Taylor's earnings but also the same x% of SkyTop Brewster's earnings and the same x% of the other companies earnings (the other deal SKTX is working on). What all of this is worth is beyond my knowledge but I wouldn't think that Mark would forego Taylor's earnings if he didn't see much more potential in owning x% of SKTX. We'll see! As for the audit, it is my understanding that the sale of Taylor to SKTX is a "material event" that would hold up the year end audit and hence the q1 numbers! ;>)