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Gold/Mining/Energy : Phoenix Metals U.S.A. - PMTU -- Ignore unavailable to you. Want to Upgrade?

To: banco$ who wrote (69)	1/22/1999 2:40:00 PM
From: Reeter	Respond to of 80

You're probably right on your opinion concerning the 1997 Tenn. case. Do we know what this reincorporating in Nevada is all about? Is it a merger, new corporation, or what? I guess a startup company being in unidentified litigation scares me when I'm holding their stock and its dropping like a rock.

To: banco$ who wrote (69)	1/23/1999 12:51:00 PM
From: micky	Read Replies (2) \| Respond to of 80

I have been following this (as well as many other) mining companies for several years. I share the concerns that many have expressed - about the substance behind the press releases that have supposedly been released about the company but are no where to be found except on their website, about the change in corporate location, about the background of the principals and their private investors, about the exclusivity and ownership of any process they are using, and other issues. There are something like 70,000,000 shares outstanding, of which less than 1% are in the public's hands. The rest are held by insiders, of which some seem to have a fairly uncertain background. There are a lot of sound mining companies around. Why would anyone invest in this one? IMO it seems very eerie.