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Gold/Mining/Energy : YBM Magnex Intl Sees Revenue Growth 30-35%/Yr In MagnetOp -- Ignore unavailable to you. Want to Upgrade?

To: Lonnie who wrote (256)	9/6/1998 6:59:00 AM
From: Arcane Lore	Read Replies (1) \| Respond to of 314

"YBM Magnex deal collapses" "A deal that would have seen representatives of powerful institutional investors join the board of troubled YBM Magnex International Inc. collapsed late Friday amid warnings that time is running out for a peaceable arrangement between the company and its shareholders." canoe.ca

To: Lonnie who wrote (256)	9/10/1998 8:46:00 AM
From: Adrian du Plessis	Read Replies (1) \| Respond to of 314

Certainly -- thorough due diligence, prudently, is carried out BEFORE investors million$ are bet on a stock. This situation represents yet one more bizarre element in the YBM case. Why didn't the institutions learn of the Russian mafia links earlier? Or, did they? And what about looking into the company's unsubstantiated oil desulphurisation process? And what about the other questionable aspects of YBM's affairs that could have been discerned from careful scrutiny of the public record (and didn't require having a representative "inside" the co.)? Kaan Oran, the research tout who wrote that YBM had passed its 1997 forensic audit "with flying colours" left brokerage First Marathon earlier this year to work for Connor, Clark & Lunn. It's too bad that those whose money is at stake (i.e. public investors) don't have a clearer champion.