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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: wayne cath who wrote (17144)	3/29/1999 5:12:00 PM
From: John Paquet	Respond to of 26850

My Dearest Lorreta; If bulk sample results have no good stuff then WSP8 +wsp1 = OLDWSP .40 +.05 =.45 This totally true, My Dearest young laddy. JP

To: wayne cath who wrote (17144)	3/30/1999 9:08:00 PM
From: Lilian Debray	Read Replies (2) \| Respond to of 26850

Wayne: This is what the news release says exactly "(iii) Each issued and outstanding Winspear Common Share (other than any such shares in respect of which the holder has exercised the Dissent Rights) shall be exchanged for one New Winspear Common Share and one New Winspear Preferred Share. (v) Each (former) Winspear Common Shareholder will sell and transfer all of his, her or its New Winspear Preferred Shares to NewCo for consideration consisting of solely of 0.125 NewCo Common Shares for each New Winspear Preferred Share so transferred." IMO the WSP shares can not remain unaltered since the equity and cash will be divided as well as the stock. The stock will be divided into common and preferred shares. The value of the preferred shares has to be taken out of the value of the old WSP shares at the time of the split, it can not be added to it. On what ratio? That's what I would like to know. Since you would only have 1/8 of Diamondex, could the full share price of Diamondex be set higher than the price of new Winspear or equal to it? Nobody seems to be able or willing to answer that question.