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

To: Jeff who wrote (1180)	8/23/1998 10:45:00 AM
From: Mr Metals	Read Replies (1) \| Respond to of 5908

Saturday, August 22, 1998 Firms use buybacks to shore up share prices Stock repurchase programs are criticized as short-term props for sagging stocks By IAN KARLEFF The Financial Post Jittery markets are prompting more companies to tell regulators they plan to buy back some of their stock, but many never follow through on their announcements. Most cite the relative cheapness of their shares and say buying their own stock would provide the best return on their cash. However, critics say a buyback filing only serves to prop up the share price temporarily, while counteracting the dilutive effect of options and deterring unsolicited takeovers. The trend to buybacks has accelerated this year -- 163 companies have applied to the Toronto Stock Exchange, compared with 202 in all 1997. If the pace continues for the rest of the year, the number of filings will be 21% ahead of last year's total. So far in August, 25 companies have asked the TSE for permission to buy back $1.9-billion worth of shares -- if they took up all the stock permitted. This compares to an average of 20 a month so far this year, and fewer than 17 a month in 1997. Critics of repurchase programs claim they simply serve as a short- term means of halting a stock's downward spiral. "It works as a temporary fix to stop a selloff from being overdone, but that's all I would give it," said Bill Mackenzie, vice-president at Fairvest Securities Corp. in Toronto. Fundamentally, nothing changes within a company when cash is replaced by shares and the effort turns into a zero sum game. GO IDCN GO..LOL Mr Metals

To: Jeff who wrote (1180)	8/23/1998 11:33:00 AM
From: Mr Metals	Read Replies (3) \| Respond to of 5908

Here's some WARNING signs to look for to identify you are walking into a HUGE trap. GO IDCN DO....LOL It's going to be big. Nobody's gonna take us over no matter what the price. We'll never sell out......LOL. Don't worry, we'll take care of you. We're buying back our shares because they're to cheap.....LOLSOHARD. The Europeans are coming in. We're taking this deal out of town. We own the float. There's more sellers than buyers. We'll bury 'em The street is not kind. Dick phoned me today and said.....LOL What's the difference. The stock's going to the moon. Don't buy yet, wait until I tell ya...LOL. That's the best one folks. Don't tell anybody. It's inside information. It's a surething. It's a homerun. It's a grand slam. Don't ask any questions, just buy the stock. There's a news release coming. Maybe a buy-back and a buy-out....LOL. It's gonna be big. NOBODY IS GOING TO TAKE US OVER NO MATTER WHAT THE PRICE....LOLSOHARD. It's time to average down. I don't know where the selling's coming from. Don't worry, we'll buy the shares back from you. I've got a big position. I never sold a share. These guys are heavy hitters...HEHEHE. We're making a market. The word on the street is.... Did you know T.Boone Pickens is going on the board? Apparently the SHEIK is interested. It's month end..LOL This is the biggest deal this town has ever seen. Let's go on the bid and see if there is any feed left. You got any stock to sell? We're trying to keep the market under control..ROFLMFAO. Call me when you want to sell, I'll get you off...HEHEHEHE. Don't worry, I'm going to buy the float; or don't worry, they're going to buy the float....LOLAGAIN. Somebody's jittneying the stock. We're drilling...LOL There's water in the well:-) WE HAD TO STOP DRILLING BECAUSE THE DRILL GOT STUCK IN THE GOLD. We're selling gold with water in it. They're doing 10,000 mailouts to US buyers...LOL I overheard.... They're meeting with offshore buyers next Friday...HEHE. We're listing on the NASDAQ....LOL They just got their 12k. Go on the bid. I was having coffee with...hehe. Being where I am and knowing what I know I think it's a buy. The chart says it's going to bust out..... I'll fax you a chart:-) It was slow yesterday, but my horoscope says we're going to have a great day..LOL Hang in. They're just tring to shake the market. We went up, shook the tree, and nothing came at us.. There's major out of town buying coming in...HEHEHE. This is the perfect time to load up. The smart money is coming in. The MM's are shorting the stock.....ROFLMFAO. I've got to talk with you. I'll fill you in tomorrow. I'M GOING ALL THE WAY. I NEED PEOPLE ALL AROUND ME....LOLSOHARD. Ross is in the deal.....LOL On this deal we take over the world. Can you handle it. I want you to understand one thing. I only think about XZY mining corp and want you to be part of it.....LOL Nothing to worry about. The market is just backfilling. Buying creates buying. Here's the deal, ok? The gold is in the chute..LOL I talked with the PRES yesterday, and wholly s**t, we're going to be rich.....ROFLMFAO. Peter's in the deal.. Mr Metals