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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM -- Ignore unavailable to you. Want to Upgrade?


To: Mellofellow who wrote (5405)8/21/1998 12:05:00 AM
From: GlobalMarine  Respond to of 11603
 
Mello: Invest $50K and get back 125K in just 45 days? I know DD stocks sounded a little too good to be true, but that deal is too much even for me to believe.

Someone doing work in the DD arena recently needed equipment and found someone willing to give a free trial of equipment in return for about a $25K deposit. The equipment would be returned in one week and the deposit refunded. This guy wanted me to find someone who would provide the money. No risk, he says. Guaranteed return of money, he says. BULLSHIT!

Rand



To: Mellofellow who wrote (5405)8/21/1998 12:13:00 AM
From: Chuca Marsh  Respond to of 11603
 
It is not logical that a soptacated ( notice my spelling) would expect that a mining upstart operation would PAY BACK anything that fast. Something unfortunate is starting to be discussed here. The person whom lost or the contract that was written in such a way as no one would write that type to payback clause, no one- no even a sharpie type. ESPECIALLY a sharpie type. Remember the principle of law rules the courts and the principle of personal honor rules contractual relationships in business and personal life issues as a bottom line. There are always unhonorable folks and there is a Due Process that will allow a proper hearing wheather or not a second hurt party is found.
Tell, your friend, to get a second opinion. For, everything, even the next investment. But all the facts come down to one thing. Interrupation. Maybe that is why S.I. has rules imposed on naming folks as a this and a that. The courts are the final say. Was your friend invested in a Maxam Deal? That type of wheeling and dealing is way above me and dare I say, most folks here, cept RM. And a few others, and ya know what Mazzarella would say if he was told that he would get 250% back in 45 days part of a 365 days year- Decimal Helmut on- 10% of a year about for 250% is an annual rate of 2500% -the Majic of Compounding!
Bob, Melo guy, is your friend a lot of ways like you? I have a bank i deal with with Group Funds that pays 2.7 % - want the address- That is the going rate now- ANNUAL!!! !
I am so sorry for his loss, the strain on your friendship with him or her, but; there are two sides to this story. Each one of the participants should be told expectations upfront, fees and comfort levels should allways be paramount. As they tough us in FNA ( Financial Needs Analysis) "Those that fail to plan; ...Plan to fail."
Chucaplanning and doing.(something positive)