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Gold/Mining/Energy : Royal Oak-RYO -- Ignore unavailable to you. Want to Upgrade?


To: Elizabeth Andrews who wrote (1470)11/16/1998 1:03:00 AM
From: Michael Bidder  Read Replies (2) | Respond to of 1706
 
3rd Q operating loss of 12 million!

Net loss of 107 million (.72 cents /share)

In this environment I can't see any lenders extending any refinancing.
Bankers are not gamblers.

Michael Bidder



To: Elizabeth Andrews who wrote (1470)11/19/1998 8:08:00 PM
From: Michael Bidder  Read Replies (2) | Respond to of 1706
 
Elizabeth Royals share price is melting like ice cream on a hot side walk!

I am spoiling for a fight and the posters on this board have all gone limp.

<<<Since Peg may have a litigious attitude, I'm not sure whether anybody believes that she might stand to any contract without a major fight.>>

Naaaw. Elizabeth the Trilon deal is IRON CLAD! Trilon had Peg over a barrel and received every concession they wanted. I won't be persuaded otherwise....will I?

<<<I would be comfortable shorting RYO at 50 cents if I had the facts that it was going to zero.>>>

You won't get it at .50 cents if you don't act quickly. I believe it is going to zero and their is 1/2 Billion at a high rate to back up my claim.

If I am wrong any where (other than the POG) please illustrate it to me.

Michael Bidder