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Gold/Mining/Energy : Valu-Net Corp (VNE on ASE - was Faymar) -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (681)	2/10/1999 10:36:00 AM
From: Ian@SI	Read Replies (2) \| Respond to of 974

Hutch, I must be slipping. I missed the overseas private placement. 28¢ a share is all this company is worth to its principles as recently as 3 months ago. And the outstanding shares worth 28¢ are now being diluted by another 13.66M shares. What does that take the value in the owner's mind down to? 14¢ When will the Canadian regulators get with it? This type of scam was ended by the SEC in the states a couple years ago. Too often, these offshore private placements seemed to be sold to numbered companies that had ties back to the principles. The offshore private placement was merely a dodge allowing new shares to hit the market without filing a prospectus or divulging any information which would otherwise have to be shared. I think I see 28¢ or less coming. Ian.