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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: Salt'n'Peppa who wrote (1596)	2/12/1999 12:08:00 PM
From: JAS	Read Replies (1) \| Respond to of 15703

Rick, like some said, the goods are still there. If a rumor of capping moved the stock like it did the last few days, imagine what will happen when this thing really gets capped and they have a firm reading. They have capped big wells in the past and this will be no exception. Got about 1/2 of my position this morning in the mid 1.20's and will just relax for a bit. A bunch of stops got hit and many are gun shy right now but when I saw those bids come in from 1.25 to 1.32, I was very encouraged. On a downtick today so won't have to worry about shorting but I suspect those that were shorting the last few days will be buying back a few. Jim

To: Salt'n'Peppa who wrote (1596)	2/12/1999 12:37:00 PM
From: okey	Respond to of 15703

Rick; The mechanics of a "gypsy swap" financing is as follows. Insider with a position sells over the market free trading shares to the financier at one price. The insider takes the PP at a discounted price to get the funds into the company, in return replacing the stock with one year hold shares. The insider, (who most likely has a cost of less than the price he sold) now has a tax hit. The discount, trust me, isn't always enough to pay for the tax hit. So the resulting position the insider now retains is quite similar to the one he had before the financing. A comment about this style of financing; is that its quick, easy, and the one providing the financing gets free trading shares. Its almost impossible, in todays environment, to have someone take restricted shares. Hope this helps explain. Okey