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

To: Dave R. Webb who wrote (3327)	4/9/1999 2:39:00 AM
From: d:oug	Respond to of 4066

Thanks for reply Dave. To Phil, For me, with regards to Mr. Kennedy and the BCSC, I see no concern for myself as an MGR shareholder as it relates to the health and future of MGR. Even if Mr. Kennedy wishes to sell or buy, I see this as a matter between him and the BCSC. I trust Dave's reply and my reading between the lines that this matter has nothing to do with a hurt or damage towards MGR. << One might ask why on earth anyone would want to be a director. >> Only a few number of persons are able to be put into the situation where that question can be asked of them. Like that man who complains that he is in the top of the tax braket because of his very high salary. Most wished they had that problem. Most wished they could be a president or director or owner. OK, thats the good news Phil, now lets get back and focus on the bad news that was interrupted, the MAC thing, remember ? doug

To: Dave R. Webb who wrote (3327)	4/9/1999 6:54:00 AM
From: Phil Jones	Read Replies (2) \| Respond to of 4066

Dave, I agree with your comment that each director is responsible for his own actions - and that other directors aren't liable for what Mr. Kennedy did. But with respect to Mr. Kennedy, if he knew beforehand (as your earlier post suggests) that buying/selling MGR shares through the other company he controlled might be a problem, why did he do it? Surely the discretionary course, when there's any question raised of a possible problem, is NOT to do the buying/selling through that other company. And then the B.C. Securities Commission gave him a period to take some action to resolve what they considered a problem -- and Mr. Kennedy didn't choose to resolve the problem promptly. If he had done what the BCSC had asked, this matter would not have become publicized. It does appear to be a matter of poor judgment on Mr. Kennedy's part.