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Gold/Mining/Energy : BPI Industries Ltd (BPR-VSE) -- Ignore unavailable to you. Want to Upgrade?

To: Francis R. Biscan Jr. who wrote (231)	4/9/1999 2:59:00 PM
From: VIP Condo	Read Replies (1) \| Respond to of 355

Hey Rich - Three weeks is a long time for ink to dry on a paper before they squawk about it - wouldn't you say!!!!! Always rumours - and the production of rumours right from the top down dribbling out of the bottom. Stumbles - how about 3 years of fumbles so that the management side can deliberately issue and sell paper to their advantage. If this was viable and everything was in order - why flush Cawley Gillespie - who has the biggest and best rep in this industry when they have worked on the report for what was nearly a year and a half with the boost from management of what a great thing this report was going to be. For crap sakes - these guys even were a big part of their (BPI's) web page. If there was such big and wonderful things in this play - Financing would have happened by some majors itching to get their frigging paws on it. Instead people like Texaco invest into a CBM development field in China (not here). Thats a long ways away from the source when it could have happened here in the good old US of A (if it was truely there). It costs a lot of greenbacks to develop outside of the country. As for the lease cost of $240,000 US - a big whooppee - that is nothing. And the only reason they had to do that is their partner reneged on paying the leases. BPI stepped in to maintain the leases or lose them - Then their cash cow goes all to crap - You don't issue more paper and options to directors and playmakers when you don't have anything to sell. Fabrication is the root word on this play IMHO. Think things thru - OK - go back and read it all again - setting in your mind the NR & PR pumps and synchronizing them with the charts for the last three years. I leave the facts with you and you may draw your own assumptions. I at least leave with my integrity intact - which is more than I can say for the hypesters and mgmt team that will eventually bury investors and shut the doors on this one. And my only regret in this whole matter is not that I lost money - but that I had two friends invest in this too who have lost a lot more than I. Thank God friendship in my neck of the woods is more than pocket book deep. The Condo Guy