Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : MONEY GUILD INC.---OTC:(MYGD) MAJOR Diamond,Gold Discovery -- Ignore unavailable to you. Want to Upgrade?

To: Judith who wrote (322)	12/2/1998 2:57:00 PM
From: Chuck Rubin	Respond to of 473

WAKEUP!!! NEWSRELEASE OUT ON THE BIG OFFICIAL PRNEWSWIRE!! Everybody wanting to know when, when oh WHEN!!! WILL THERE BE A NEWS RELEASE???? Welllllllll??????? ITS OUT FOLKS! Now that its out...no reaction???? You got it, so now where's the response????? Caught everyone widdling wood on the back porch or somethin'???? Here's the news release you wanted and...........NAAADA???? just zzzzzzzzzzzzzzzzzzzz?????????????/ Chuckr

To: Judith who wrote (322)	12/2/1998 4:02:00 PM
From: Syncrude	Read Replies (1) \| Respond to of 473

Judith , Basically the company does not yet own anything. I understand that they only hold options and have not finalized the purchase. It may appear that they are waiting for a higher share price to sell shares to get the money to buy the properties containing the wood. I have asked before if my understanding was incorrect, with no response. Thus it appears that this is a day trading situation with very high risks. Read past press releases to get a more complete picture. I am very wary of press releases that throw figures such as $400mm without talking of the required investment, permits, etc. It took them quite some time since they retracted the second last press release. I would be more than pleased to be corrected with FACTS.

To: Judith who wrote (322)	12/2/1998 4:16:00 PM
From: Iknownothing2	Read Replies (1) \| Respond to of 473

Well the Press Release sez, a value of $28 million for the latest timber cruise. That my friends, is equal to approx. $2.00 @ a share fir the company's 50% interest. It is also noted, the numbers were kept conservative according to the company. Oh yes, these numbers were $US,NET,POST HARVEST. To my way of thinking, this PR is spelling things out for us in a rather conservative fashion. They further went on to estimate the total value of the concession at $400 million and that is equal to $20 @ share. I found the last page to be of particular interest, where in the first paragraph the company expects to receive proposals from prospective buyers and will be reviewing for possible approval over the next 2-3 weeks. They obviously, have buyers in the wings. Gee, I almost overlooked this point, but did you notice they now have a Letter of intent with Veamco. In the previous release it was merely a letter of interest. The fact that the PR was signed by both MYGD board member, and Tony Lanham, of Veamco, certainly suggests to me, the JV is eminent. So, why are we going down? For one or more, of the following reasons I suspect: 1. MM are playing games... 2. Many investors were and are looking for a quick flip vs holding for the longer term. 3. Investors are very skittish especially since the BRe-x fiasco. 4. Buy the rumor, sell the news Take your pick. The value is there. Needless to say,, the way it has traded has been a disappointment. FWIW, Steve