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Microcap & Penny Stocks : CDCH Cerro Dorado Inc. -- Ignore unavailable to you. Want to Upgrade?


To: john who wrote (296)2/12/1999 12:14:00 AM
From: CIMARead Replies (4) | Respond to of 958
 
I'm hurting because I'm holding 45,000 shares at a loss in excess of $12,000 U.S. at this point in time. I apologize to those who bought and are now suffering a loss because I may have influenced their decision-making process. Obviously, none of this was foreseen by anyone, including Chris Bunka, who likely isn't a happy camper right now either.

I admire Mitch's guts in facing shareholders head-on. He is taking it on the chin as the president of a company must when times are bad. I hope he can salvage something for the company and shareholders in the midst of all of this. I know he is getting married as all of this is going on and it must be incredibly stressful for him.

The company needs financing and sales. Perhaps a PP (504?) with warrants attached to current shareholders (if sweet enough), once it can be demonstrated a sales contract is in place, would work.

And a final question, who's dumping? Whoever it is they have no interest in the future of the company. It seems like they are out to inflict as much short-term damage as possible to current management and shareholders.






To: john who wrote (296)2/12/1999 2:36:00 PM
From: Jim BishopRespond to of 958
 
regarding the new reporting rules:

"Securities already quoted on the OTCBB as of January 4, 1999, will have until at least
July 1999 to comply with the new requirements. The rule will be phased in over a 12
month period beginning in July 1999 and continuing through June 2000 in alphabetical
increments based upon the company's name as of January 4, 1999. In June 2000, the
rule will apply to all companies on the OTCBB."

rest of the PR is here:
Subject 24721