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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Pat MacD who wrote (13007)	3/5/1999 11:27:00 PM
From: Jon Scott	Respond to of 25711

Great in depth report on EYDY Message 8179637

To: Pat MacD who wrote (13007)	3/6/1999 1:56:00 AM
From: Soccrates	Read Replies (1) \| Respond to of 25711

PCES. The comments by Osprey and Pat MacD clearly make the most sense and are rationale. I appreciate your thoughtful analysis. Joe, I also apologize, but it bothers me that Wayne and lance use this thread to bash good investments. What is their motive?

To: Pat MacD who wrote (13007)	3/6/1999 8:45:00 AM
From: The Osprey	Read Replies (1) \| Respond to of 25711

Thanks Pat, I am familiar with Blind Pools in Alberta.Blond Bear is a good example and for people who are wondering about a blind pool a shell is formed and capital is raised and a major transaction takes place to justify the raising of the capital within a certain period of time.This is oversimplifying it.I am from Canada also Pat. Osprey Edit:Here is the excerpt on the terms of financing that Pat and I am speaking about. "As of September 30, 1998, the Company had a cash balance of $152,271. The Company also had a $2,000,000 revolving line of credit with a financial institution and a $200,000 line of credit with one of the Company's shareholders. The lines of credit were collateralized by substantially all assets of the Company and personal guarantees totaling $1,000,000 by two of the Company's shareholders. Interest was payable monthly. Outstanding borrowings totaled $2,100,000 at September 30, 1998. The outstanding balances were paid in full on October 8, 1998."