To: Dan P who wrote (467 ) 3/28/1999 12:11:00 PM From: Martin E. Frankel Read Replies (1) | Respond to of 653
Dan, Let me first make it clear that I have no firm reason to believe you started this thread to P&D Clifton, but, by your own admission you are friendly with a director of the company as well as (according to your e-mails to me quite a while ago) management itself. Don't you find it strange that none of this highly pertinent information was disseminated to shareholders in the rapid time frame required by SEC regulations for disclosure of material information. Certainly you cannot deny that what occurred was material to the company's survival. Not once, even in my e-mail communications with the company, was there ever even a hint about any problem... only good news coming!! Below is my post of a short time ago (it does contain an error... I had 40,000 shares, not 30,000):Message 8170952 Does anyone know: (1) when the law regarding refining of lead-containing ore went into effect? Certainly even government "discussion" regarding it had to be known by Clifton's management far in advance of it going into effect... and, IMO, considering that one of the primary reasons Clifton "bragged" about their low production cost of silver was the lead content of the ore (i.e.: the sales value of the lead offsetting the cost of silver production) this inability to refine the BD proven reserves was certainly a material factor affecting all shareholders. (2) Does anyone know how insider selling can be determined on the Canadian exchanges? If there was selling on the U.S. OTC a form 144 would have to have been filed with the SEC by the seller... so, if there was any selling it would have to have been done on the Canadian exchange. I want to make it clear that I am not making accusations, but only seeking the facts and the truth. All of this is just my opinion, but is something that, again IMHO, certainly bears investigation. Any comments from anyone? Marty drmef@mindspring.com