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

To: David R. Schaller who wrote (3361)	4/20/1999 8:41:00 AM
From: Dave R. Webb	Read Replies (1) \| Respond to of 4066

Consolidations Companies seek consolidations for many reasons, and David Schaller and Bearcatbob outlined a few of them. They are completed primarily to allow the corporation to raise funds. A change in name is required by Exchange Policy, principally so one old share certificate doesn't get mistaken for a new share certificate. The Company had said previously that no share consolidation was required, as many junior operating companies have > 30 million shares issued and outstanding, and that the Company had considered alternative forms of financing its projects. But circumstances change, and it is a fool that does not change plans as circumstances change. Much of the Company's plans hinged on Bumbat, and the Company is seeking shareholder support of a consolidation in the event that the situation regarding Bumbat not be resolved in a timely or in an acceptable manner. The Mongolian court system is new to the Company, and while we believe that the system works, it is prudent to prepare a contingency plan. It is apparent that the quick decision the Company had been expecting hasn't happen. This does not appear to have any implication on either a positive or negative resolution, but the extensive delay is becoming more than tedious. The "waiting for Godot" alternative is NOT an alternative. The effect of a consolidation, or someone receiving a dollar for ten dimes can evoke negative feelings from shareholders. Others recognize a consolidation as marking a change in direction. The alternative of no consolidation and continued waiting is not acceptable. Shareholders however are encouraged to vote their proxies according to their wishes and conscience. Dave

To: David R. Schaller who wrote (3361)	4/20/1999 8:34:00 PM
From: d:oug	Respond to of 4066

Dave, <<as loyal as you are>> I am loyal to myself, and when I error, I will take that as an opportunity to learn and improve myself. I made a big investment error in a company named IPM because I left out input from those running the company. I assumed that they wanted the IPM company to become successful, but now have information that the IPM companies fate was controlled by persons not employed by IPM. Those that ran IPM keep themselves hidden from view, whereas here with MGR, Dave Webb has made himself very visible. This is one way to place accountability very strongly onto one self. Of all the desert dirt companies I was in, none had a president or ceo posting on a thread. <<you a director. Then you could get on the thread and really tell us whats going on:)>> If Dave Webb is an honest person, then my posts would be identical. Doug Dave Webb should consider making you a director. Then you could get on the thread and really tell us whats going on:) Good luck. Dave