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Microcap & Penny Stocks : IDCN - gold, garnet, etc. -- Ignore unavailable to you. Want to Upgrade?

To: BigTex who wrote (861)	8/20/1998 2:06:00 PM
From: Tom Frederick	Read Replies (3) \| Respond to of 5908

Tex, that is unless shareholders were given verifiable, reliable information that outlined reserves and operations that would put the value at more like $1, or $2 or $10. That is what management will likely outline in a shareholders meeting regarding the vote for or against the .375 per share deal. But whatever the view of management, the assessed value needs to be concrete and verifiable to give shareholders a clear sense of what they are invested in. The Bre-X fiasco has put unusual pressure on exploration and mining companies to have absolute proof of resources before the Market as a whole accepts the estimates and values a company based on those estimates. Hopefully, that level of proof is what IDCN is working on right now and will have a good handle on BEFORE this stockholders meeting. Tom