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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM -- Ignore unavailable to you. Want to Upgrade?

To: Scott Wheeler who wrote (7841)	3/29/1999 5:53:00 PM
From: R F B, Jr.	Respond to of 11603

Scott : Believe SH gets 1 WSRI and 1 WSRIW for each 160 MXAM common held. Also, 1 perferred for each 2 common held and i Maxam Custom Milling for each 10 common held. All as of 10/1/98. RFB

To: Scott Wheeler who wrote (7841)	3/29/1999 5:57:00 PM
From: Alan Vennix	Read Replies (2) \| Respond to of 11603

Scott, From memory (so Richard or someone else correct me if wrong), MXAM shareholders as of last Oct 1 were to receive 1 share of WSRI for each 160 shares of MXAM owned as of that date. Today's trading was the first I've seen and I don't know the source of the shares. As far as I know, they aren't recorded in my account as of yet, although I haven't checked recently. It appears that someone bought 200 shares this morning at $1.50, probably from a MM who didn't have any in stock. He turned around and acquired from a MM that did at $1. Then, someone this afternoon sold 300 at the bid of 0.031. That's still the bid/ask spread - 0.031 x $1.50, if you can believe it!! Alan