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Gold/Mining/Energy : Rubberman's picks for the second half of 1998 -- Ignore unavailable to you. Want to Upgrade?


To: The Fix who wrote (226)10/12/1998 1:48:00 PM
From: Mr Metals  Read Replies (1) | Respond to of 405
 
I just hope that the pipeline of info doesn't dry up!

I wouldn't worry about that fIX. Remember the circles that he hangs out in...LOL

MM



To: The Fix who wrote (226)10/14/1998 11:30:00 AM
From: Mr Metals  Read Replies (1) | Respond to of 405
 
GUMBY's at it again:-(

Ontario Securities Commission -
Post says Saxton's Eizenga claims he is not guilty
Ontario Securities Commission ONSEC
Shares issued 0 1899-12-30 close $0
Wednesday Oct 14 1998

The Financial Post reports in its lead front page story in its Wednesday edition that the man at the centre of a company being investigated by the Ontario Securities Commission says he did not misappropriate money raised from 800 investors. Reporter Kim Hanson notes that Allan Eizenga, president of Saxton Investments, says there was no impropriety in the way the money was directed or spent. Mr. Eizenga says he has documentation to prove where every dollar went. Hundreds of anxious investors attended a Saxton investors' meeting in London, Ontario. Hundreds of anxious investors attended the meeting to get an update on the status of the troubled company. Some were particularly concerned to learn the whereabouts of an estimated $35-million that Saxton and 35 affiliates raised between 1995, the year the investment firm was created, and 1998. Mr. Eizenga told the meeting that 60 per cent of investors' money was put in joint venture businesses, mainly based in Cuba, Mexico and the Bahamas, 20 per cent went to pay costs incurred by Saxton's operating companies and the remaining 20 per cent was lost in failed ventures in Ukraine, India, Cuba, Mexico and North America.

(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

MM