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Gold/Mining/Energy : AVL.V - AVALON VENTURES -- Ignore unavailable to you. Want to Upgrade?

To: DRT who wrote (1209)	3/26/1999 12:17:00 PM
From: Pete Mimmack	Read Replies (2) \| Respond to of 1474

Well, OK, but that report shows one insider with well under 100,000 shares selling a part of his ownings. There are still lots of others with far more shares not listed, so it doesn't indicate to me that the insiders as a group are bailing out or feeding on us. I do have a different perspective than many on the whole insider situation. I've held options in my own company that were worthless for years. They finally got repriced, but still didn't acquire any appreciable value for another 2 years. Now that they are worth something, I do sell some now and then because they are an asset and I don't want to get stuck with them expiring worthless should the market's opinion turn again. Of course, the number I hold is trivial compared to shares outstanding, and I'm not an "insider". But I have no problem with insiders doing some selling. I don't see it as a lack of faith in the company if it is not a large position. It sounds to me more like wise management of one's financial resources. No matter how much control you have in a company, there are always outside forces that are bigger than you. As long as you're not selling on news that is not yet public, I see nothing wrong with it. Pete

To: DRT who wrote (1209)	3/26/1999 12:41:00 PM
From: RMF	Read Replies (1) \| Respond to of 1474

I know it's just a coincidence, but you supported everything these guys did, for months and months, as the stock lost 75% of its value. I think in the past you've even offered rationales for insider sales. Then, a few days before they dropped Blackwell, you seemed to start fudging. After they were dropped you stopped posting and now you say you sold and the gloves are off. I know this is all just coincidence, but with 400k in drilling and the results of the feasibility about to happen, the timing does seem unusual.