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Gold/Mining/Energy : Winspear Diaminds (Bulls Board) -- Ignore unavailable to you. Want to Upgrade?


To: freddy who wrote (551)2/13/1999 7:13:00 PM
From: whiskeyjack  Respond to of 1172
 

Agreed Freddy. I think WSP has a pretty good idea though
of where the rim might be in order to even plan for a
sample on NShore with 3 holes only. I have Thought the
reason for not releasing the K intercept on hole 19 was
a shallow intersection would make an easy 3 point play
conversion for the cone sheet theory. WSP doesn't want to
be taken over too soon or too low of a stock price.
wj



To: freddy who wrote (551)2/16/1999 4:40:00 PM
From: .Trev  Respond to of 1172
 
I am posting a DMM nr here because I think we still havsome legitimate threadsters who should take warning. Goodness knows we also have enough manipulators wh should also take warning. I sometimes think they are attempting to out number us but I don't believe the conspiracy can prevail.

Anyway here it is

B.C. Securities Commission imposes lifetime ban on fraud artist

Dia Met Minerals Ltd DMM.B
Shares issued 21,973,496 Feb 15 close $17.55
Tue 16 Feb 99 News Release
See BC Securities Commission (BCSEC) News Release
Mr. Michael Bernard of the British Columbia Securities Commission reports
A man who bilked 10 B.C. residents of more than $150,000 by promising them
shares in a well-known junior mining company has been barred from
securities markets for life and assessed a $100,000 administrative penalty
by the B.C. Securities Commission.
Norman Graham Armstrong carried out his fraudulent scheme between February
1993 and March 1997, encouraging the residents to give him money to invest
in Dia Met Minerals, a promising stock on the Toronto Stock Exchange.
Instead of buying shares, Mr. Armstrong used the money for his own use,
including paying off gambling debts.
Mr. Armstrong, now an inmate at the Elbow Lake Institution in Harrison
Mills, B.C., did not attend the hearing. He pled guilty in 1997 to seven
criminal counts of fraud over $5,000 and was sentenced to two years in
jail, three years on probation, and was ordered to pay $139,159 in
compensation to his victims.
"Through a deliberate, calculated and deceitful plan, Armstrong
methodically befriended several British Columbia residents," a commission
panel said in a decision released Feb. 16, 1999.
Mr. Armstrong, who was not registered to sell securities, told his victims
he was a helicopter pilot employed by Dia Met for which he was also
purchasing certain mineral claims. He also said he was a close personal
friend of the president of Dia Met and that he could sell his victims
shares of the diamond company at a preferred price, as low as 10 cents a
share. He told them he could sell the shares later on the Toronto Stock
Exchange for $5 a share.
Once he felt confident in their trust of him, he manipulated them for all
they were worth. A true con artist, he had an uncanny knack of zeroing in
on his victims' vulnerabilities and important beliefs to get them to part
with their money and to keep them at bay when their suspicions became
aroused. His conduct is simply despicable.
Armstrong's victims included a retired couple who gave up $24,000 of their
life savings to him and a recent immigrant who handed over $2,000. In the
last stages of his scam, Armstrong persuaded the couple to borrow money for
him on their credit cards and tried to get them to take out a mortgage on
their home.
The decision prohibits Armstrong from ever trading in securities markets,
from being a director or an officer of any company or engaging in investor
relations activities.
In addition to sending a strong message to Armstrong and others like him,
the panel said the decision holds an important message for the investing
public.
"As a final note and as this case illustrates, it is our view that it is
also in the public interest to warn the public again about its
responsibility to investigate before investing. Some well-placed questions
would have likely uncovered, as the retired couple later acknowledged, the
lies that Armstrong so easily held out as true."
"Similarly the investing public should immediately question, if they find
themselves in circumstances similar to the ones that the retired couple
were in, why they are not buying securities through a person who is
registered under the (Securities) Act."
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com



To: freddy who wrote (551)2/16/1999 5:43:00 PM
From: teevee  Respond to of 1172
 
freddy,
You are one connected guy....bang on, on the Deutsche Banke report...I concur on the north shore comment as well. Periglacial events can form blanks in indicator mineral trains, so this does not preclude the cone sheet edge from sub-cropping on the north shore as it does to the south on the NW peninsula, however, it could as well feather out before coming to the surface. The edge has to be followed up dip with the drill to determine IF a bulk sample can be extracted from the north shore.
regards,
teevee



To: freddy who wrote (551)2/16/1999 5:47:00 PM
From: teevee  Read Replies (1) | Respond to of 1172
 
freddy,
You seem to be a street wise kinda guy...what do you think about this?

Message 7856338

regards,
teevee