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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: john who wrote (14463)	10/31/1998 9:44:00 PM
From: Ironyman	Read Replies (2) \| Respond to of 34075

John,,,, That 166 mil number is probably closer to the full amount than 111 mil. It sure isn't a surprise. How many shares do you think Knittles paid themselfs for extending the 'so called loan ' ? They are going to keep up with the inflation also! We didn't see TT down there fishing out nuggets to pay the phone bill. he he

To: john who wrote (14463)	11/1/1998 3:53:00 PM
From: Kool Guy	Read Replies (2) \| Respond to of 34075

John, I don't get how you arrived at the 166 million. I understand what you are saying about having 104 million shares prior to the option and therefore atleast 114 million shares after the dilution. The problem in your logic is that you assume the 9 percent figure is an absolute number. I believe the figure is closer to 8.78 percent rounded to 9 percent. Therefore assuming this is the case, 114,000,000 shares times .0878 equals 10,009,200 shares issued in the option. The figure of 114,000,000 now appears quite reasonable. Kool Guy