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Microcap & Penny Stocks : IKAR Mining Tungsten iron ore gold silver copper cobalt -- Ignore unavailable to you. Want to Upgrade?

To: Alan Markoff who wrote (316)	10/3/1998 2:25:00 AM
From: Provocateur	Read Replies (1) \| Respond to of 631

Alan, Yes, there was a lot of buying today. It is either one of two things. First, most of the buying today was done on the false assumption that today's news would be a positive release. That is what many were hoping for. Something to address and show an attempt to correct the recent decline in price over the past several months. Plus, an update on the summer work program. Or second, this release is part of something far bigger and more elaborate that IKAR is up to, and that will have very positive ramifications. It is true that the Kilborn Report doesn't refute the Soviet/Tajiki data. But at the same time, it doesn't support it. I suppose we should be content, since it could be worse. But what I find disturbing is that the retractions went as far as to include releases by current management. I would have understood if it went as to Cameron, et al. But to retract from the current management team makes me think that there is heavy pressure coming from somewhere and they are making a clear and total retreat to protect themselves. That is pretty scary. I just wonder who and why? It seems as if they are responding to some legal or regulatory inquiry. The SEC? Possible, but why? They haven't been pumping in PRs....Perhaps they were pumping in their attempts to find a JV partner or get more financing. I don't know. On the PR front they seem clean. Who else is there? The IMF? I doubt they would be forced to deal with them this way. A possible lawsuit? Would make sense and mitigate the circumstances. But to what purpose. Would seem better to negotiate a settlement or deal rather than freak out investors. Seems like the SEC....Regardless, it looks like they got caught with their pants down. This type of PR will set them back months unless there is a clear and justified reason for this. And they can rationalize all these "misrepresentations." I would find it hard to do, but nonetheless possible because they are retracting everything but the kitchen sink. I just wish which ever lawyer wrote this did a better job. Prov PS - Perhaps we should keep in mind that IKAR approached the SEC to try and help them thwart whatever short position is out there. Maybe this is one of the conditions to resolving the problem. Could help explain the increase in price. Negative PR, but for positive ramifications. Maybe they will be reporting soon. Maybe I should stop hypothesizing....

To: Alan Markoff who wrote (316)	10/3/1998 6:42:00 PM
From: Binder	Read Replies (2) \| Respond to of 631

So Alan, is the company basically saying that everything they put out since June of 1996 until now is a bunch of bull, and they are really just an exploration firm and not a mining company? Does this mean that everything you put out, based on what they told you, of course, was a lie too? I think the silver lining in this is not the heavy buying on Friday, but rather the fact that the company is admitting they misrepresented themselves. Guess the threat of the SEC and information they may or may not have recently obtained got to be a little more than they wanted to take on. A friend of mine has been telling me for months that there is something wrong with this stock, and he has been telling you too. Friday's buying should have sent this stock to the moon. 400,000 shares and it only moved .04. My God...Does this happen with every stock you are in? Why do you spend so much time worrying about other people's battles when your own back yard is such a mess? Choose your battles carefully. Binder