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Gold/Mining/Energy : Nuinsco Resources (NWI) -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (256)	1/24/1999 6:37:00 PM
From: Rocket Red	Read Replies (1) \| Respond to of 5821

DoubleD These rights are to protect us from a takeover bid.If there was a hostile takeover we would recieve 1 share for every right we have and they would be at no cost to us they would be free. This is just a protection plan thats all.

To: Enigma who wrote (256)	1/24/1999 6:46:00 PM
From: Serge Collins	Read Replies (2) \| Respond to of 5821

DoubleD: This so-called shareholder's right plan is what is commonly referred to as a "poison pill". It is intended to avoid a takeover at a low-ball price. The company has prudently protected itself from being acquired by a major company for a price it considers to be low compared to the potential that exists. This tells me that management is probably concerned about one of two things, that a major could come along with a takeover offer before the company has a chance to release further results; the second is a concern that someone might make an opportunistic bid for the company if those results turn out to be positive. And then again, maybe management knows something we don't.