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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: Sleeperz who wrote (825)	10/12/1998 9:59:00 PM
From: Kevin Hamlin	Respond to of 4467

C.R. Lum....just a clarification if you could...You wrote: <Ah the Scam of the century. Brokered vs Non-brokered. Brokers make you broker.In the case of Non-brokered, the issue is considered very risky and will not go much anywhere except maybe down. So the broker cold calls everybody about this great PP they have, any Joe Blow (Re: sucker will do) The brokers make their usual commision.> In the part where you said "So the BROKER cold calls".......did you mean to say the "COMPANY cold calls".....I think this is what you meant...right? Thanks for the explanation. It helps clarify a few more things in my head. Kevin

To: Sleeperz who wrote (825)	10/12/1998 10:10:00 PM
From: keith massey	Respond to of 4467

Hey CR I have been a little confused at times about the Brokered and Non-brokered private placement. I went back and check and in almost all cases I could find the insiders did private placements the non-brokered way. Most recent example I could find out of the stocks I follow was SN on VSE. However after reading you post I went back a couple of years and looked at several brokered and non-brokered P.P in about 30 stocks. I couldn't find any pattern between the type of PP taken down and the price performance of the stock over the next couple of years. One point I was wrong on in my last post - I saw several Non-brokered P.P involving several people (10 or more) although many of them were with only one or two people. One thing I did notice was that most of private placement done by junior mining companies at very high prices two years ago were brokered. Brokers better hope that they didn't get their best customers into these stocks. Best Regards KEITH